Hyderabad Online Loan Fraud Busted: Five Main Accused Arrested in Fake Mudra Loan Scam

Hyderabad: In a major breakthrough against cyber fraud, the Cyber Crime Police, Hyderabad City, have arrested five main accused involved in a large-scale online loan fraud. The accused allegedly cheated innocent people by impersonating loan officials and luring victims through fake online loan websites and social media advertisements, especially in the name of Mudra loans.

The arrests mark a significant step in Hyderabad Police’s crackdown on online loan scams and cyber fraud networks.

Five Accused Arrested in Online Loan Fraud Case

The arrested accused have been identified as:

• Bochu Arun
• Gadam Bharath
• Samarlla Thirupathi
• Velpugonda Tharun
• Chukka Shyam

All five are natives of Warangal district, Telangana.

Police stated that the accused were part of an organised cyber fraud gang operating fake loan schemes targeting victims across Telangana and Andhra Pradesh.

How the Online Loan Scam Came to Light

The case came to light after a 36-year-old woman from Hyderabad lodged a complaint with Cyber Crime Police.

Complaint Highlights

• Victim noticed a loan advertisement on Instagram
• Received a call claiming her ₹3 lakh Mudra loan was already sanctioned
• Asked to share Aadhaar and PAN details
• Later demanded money for insurance charges, TDS, and other fees
• Victim transferred a total of ₹1,08,274
• Even after seeking cancellation, more money was demanded

Based on the complaint, police registered a case and launched a detailed investigation.

Modus Operandi of the Fake Loan Gang

Investigators revealed that the accused followed a well-planned strategy to cheat victims:

• Created fake loan websites and social media ads
• Promised easy loans without interest or processing fees
• Collected victim data state-wise
• Contacted victims posing as Mudra Loan officials
• Demanded money under pretexts like processing fees, TDS, insurance, income tax charges
• Operated from Kolkata and Delhi using fake call centre setups
• Earned commissions after transferring money to handlers

Despite knowing the work was illegal, the accused continued due to financial difficulties and greed.

Seizure Made by Cyber Crime Police

During the arrests, police seized:

• 08 Mobile Phones
• 10 SIM Cards

Efforts are ongoing to trace the money trail, freeze additional bank accounts, and arrest absconding accused linked to the network.

Police Advisory to Public on Online Loan Frauds

Hyderabad Cyber Crime Police have issued a strong advisory to the public:

• Be cautious of online loan ads on social media
• Government loan schemes are not promoted via Facebook or WhatsApp ads
• Borrow only from RBI-registered banks and NBFCs
• Never share Aadhaar, PAN, or OTP details
• Do not transfer money to unknown accounts
• Report cyber fraud immediately by calling 1930 or visiting cybercrime.gov.in

Strong Warning Against Cyber Loan Scams

The arrest of five accused in the Hyderabad online loan fraud case highlights the growing threat of fake loan scams. Police have urged citizens to stay alert and verify loan offers before sharing personal or financial details.

The investigation into the fake Mudra loan scam in Hyderabad is ongoing, and more arrests are expected as police tighten the net around the cyber fraud network.

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