They ran call centres to cheat loan seekers
TNN | Dec 25, 2018, 08:55 IST
Police recovered cash worth Rs 7.5 lakh from A Saranraja (top right) , 26, and S Vikram, 27BENGALURU: Two Tamil Nadu based men are cooling their heels in Central Prison after Electronics City police arrested them for allegedly cheating more than 300 people after offering them loans at cheaper interest rates.
Police recovered cash worth Rs 7.5 lakh from A Saranraja (top right) , 26, and S Vikram, 27. Special teams have been formed to nab the prime accused, Javeed. Saranjraja and Javeed are from Chennai, while Vikram lived in Bilekahalli, Bengaluru.
The trio ran two call centres under the name Elite Finance at Bommanahalli and Madiwala with a dozen employees.
After collecting data from a private finance firm dealing with vehicle loans, the trio would ask their employees to call the potential victims and offer them loans at cheaper interest rates. “Those who accepted the offer were asked to provide personal and professional information on WhatsApp. The accused would send them an official letter, saying their loan had been sanctioned,” police said.
The scamsters would ask the victims to deposit the first EMI instalment, after which the principal amount would be released. “Trusting them, over 200 victims deposited between Rs 3,000 and Rs 30,000, while some others paid more,” police said.
After receiving the payments, the accused would turn incommunicado, police said, adding: “They used one sim card to call two or three victims at a time and then switched off the device.”
Police recovered cash worth Rs 7.5 lakh from A Saranraja (top right) , 26, and S Vikram, 27. Special teams have been formed to nab the prime accused, Javeed. Saranjraja and Javeed are from Chennai, while Vikram lived in Bilekahalli, Bengaluru.
The trio ran two call centres under the name Elite Finance at Bommanahalli and Madiwala with a dozen employees.
After collecting data from a private finance firm dealing with vehicle loans, the trio would ask their employees to call the potential victims and offer them loans at cheaper interest rates. “Those who accepted the offer were asked to provide personal and professional information on WhatsApp. The accused would send them an official letter, saying their loan had been sanctioned,” police said.
The scamsters would ask the victims to deposit the first EMI instalment, after which the principal amount would be released. “Trusting them, over 200 victims deposited between Rs 3,000 and Rs 30,000, while some others paid more,” police said.
After receiving the payments, the accused would turn incommunicado, police said, adding: “They used one sim card to call two or three victims at a time and then switched off the device.”
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