Man duped of ₹1.91 lakh in online loan fraud

In an online loan fraud, a man from Vadacheepurapalli near Parawada was allegedly duped of ₹1.91 lakh, Cyber Crime Police said on Monday.

The victim, N.V.V.P. Lakshmi Narayana needed a loan for construction of his house and he searched the options online.

“The victim received a call from a person who introduced himself as a representative of Mahindra Finance Services in Delhi. He asked the victim to send the details of his property and Aadhaar card to mahindrafinservice and the latter complied. Later, the victim was told that his profile was good and he would be advanced the loan,” Cyber Crime Inspector V. Gopinath said while quoting the complaint.

‘Processing fee’

The victim was allegedly told that he needed to pay a certain amount towards the processing fee and an additional amount as insurance charges.

“The fraudster allegedly duped Lakshmi Narayana of ₹1,91,211 in phases. He realised that he was cheated after the fraudster stopped responding to his phone calls,” the Inspector said.

A case has been registered and further investigation is on.

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Printable version | May 30, 2020 5:56:45 AM |

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