Online loan fraud: Cops get 5-day custody of suspects

Hyderabad: A local court on Monday granted five-day police custody of nine suspects in the instant online loan fraud case, who were arrested by the Hyderabad Police last week. The City Police had on different instances arrested 14 persons after raiding call centres and companies in Delhi, Hyderabad and Bengaluru which were linked to the […]

Hyderabad: A local court on Monday granted five-day police custody of nine suspects in the instant online loan fraud case, who were arrested by the Hyderabad Police last week.

The City Police had on different instances arrested 14 persons after raiding call centres and companies in Delhi, Hyderabad and Bengaluru which were linked to the illegal microfinance business. The companies were found illegally operating the money lending business and harassing borrowers who failed to repay in time.

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