Bengaluru: A 34-year-old unemployed graduate was arrested for duping several people under the pretext of getting them loans under Prime Minister’s Mudra Scheme.
The accused has been identified as Punith, a resident of Srirampura, who approached people and promised them to get loans under the scheme.
He told people that he knew prominent bank officials and would help them speedily get their loans sanctioned.
According to police Punith collected lakhs of rupees from over 70 people, bur he neither returned them, nor were the loans sanctioned.
The victims then approached the banks with the receipts Punith had provided after taking money, but the bank officials refused to entertain them.
Some of them lodged a complaint with the police who tracked and arrested him on Tuesday.
Punith had reportedly promised one Nandish to help him get Rs 4 lakh loan and taken Rs 70,000 from him. Similarly, he had taken Rs 3.8 lakh from another businessman, identified as Santosh, promising to get him a loan of Rs 50 lakh, the police said.
Punith had also cheated a cab driver by taking Rs 64,000 from him, promising Rs. 4 lakh loan to start a new business under self-employment scheme.
The Malleswaram police have booked Punith for cheating, forgery, and impersonation.
