Bank Loan Racket

Hyderabad Police have frozen 75 bank accounts holding Rs 423 crore in connection with a multi-crore money lending and microfinance scam - that charged victims up to 35 per cent interest - conducted via 30 mobile apps that were not approved by the RBI

Two men have been arrested in Delhi as the police busted a racket that allegedly obtained car loans from banks by producing forged documents and later staged fake robberies to claim the insurance money, police said on Tuesday.

Central Crime Branch (CCB) has busted a bank loan racket run by a 51-year-old woman, who cheated several nationalised banks of over Rs 1 crore in connivance with bank officials.Assistant Commissioner of Police B N Nyamegowda said, "R Uma, a resident of Yelchenahalli on Kanakpura Road used to prepare fake property documents using seals and signature...

Hyderabad Police have frozen 75 bank accounts holding Rs 423 crore in connection with a multi-crore money lending and microfinance scam - that charged victims up to 35 per cent interest - conducted via 30 mobile apps that were not approved by the RBI

Two men have been arrested in Delhi as the police busted a racket that allegedly obtained car loans from banks by producing forged documents and later staged fake robberies to claim the insurance money, police said on Tuesday.

Central Crime Branch (CCB) has busted a bank loan racket run by a 51-year-old woman, who cheated several nationalised banks of over Rs 1 crore in connivance with bank officials.Assistant Commissioner of Police B N Nyamegowda said, "R Uma, a resident of Yelchenahalli on Kanakpura Road used to prepare fake property documents using seals and signature...