Student loses Rs 37,500 to cyber fraudster in Mancherial

A student from Mancherial lost Rs 37,500 to a cyber fraudster while applying for an education loan through a bank’s website. The fraudster extracted the money as fake processing charges. The victim reported the scam to police via the 1930 cybercrime helpline.

Mancherial: A student lost Rs 37,500 to a cyber fraudster when he applied for an education loan on the website of a bank in Mandamarri on Sunday.

Mandamarri Sub-Inspector Rajashekahr said that a student from 3rd Zone in the town received a call from a fraudster who gathered details of his education, PAN and Aadhar card before extracting Rs 37,500 under the guise of charges for processing the loan in a phased manner.

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The student realized that he was duped when he did not get the loan. He then approached the police by contacting the toll free number 1930 for reporting cyber crimes. A case was registered. Investigation is on.