Hyderabad: A BPO employee cheated several people promising loans at low interest rates after pretending to be an official from a Mumbai based finance company.
He collected thousands of rupees from the victims by way of insurance and processing charges. He got in touch with the victims by sending bulk SMS to their mobile phones.
Cyberabad crime police arrested the accused, Jayanthi Siva Swaroop, 30, from Tirupati, on Monday.
Siva Swaroop, who used to work as a technical support executive in a Vizag-based BPO, sent SMS texts to many mobile numbers with an offer of loans at low interest rates.
“One of the victims K.L.K. Reddy, a resident of Nagole, approached us and lodged a complaint on Oct. 29.
He stated that he responded to a SMS that said ADN Finance Pvt. Ltd. Mumbai,” said Cyber-crime Assistant Commiss-ioner of Police S. Jayaram.
When Mr Reddy responded to the SMS, he was asked to send copies of his land documents for approval of the loan to the email address provided by the accused.
“Later, he received a call from the accused, who convinced him that a loan of Rs 45 lakh was approved, after verification of his land documents sent by him.
Reddy was then asked to deposit Rs 25,000 for insurance and Rs 22,500 as processing charges,” the ACP said.
Despite trying several times to reach him, the victim could not connect to the caller’s phone number Police are still assessing how many victims he had cheated.
