Warangal Man Loses ₹2.46 Lakh Applying For ₹5 Lakh Loan
The victim, Rapelli Shivakrishna, contacted a company named Sof Group for a loan of ₹5 lakh after seeing an advertisement on a social media reel: Circle Inspector N. Karunakar
WARANGAL: A 37-year-old private employee was defrauded of over ₹2.46 lakh in an online loan scam under the Mattewada police station limits in Warangal. According to Circle Inspector N. Karunakar, the victim, Rapelli Shivakrishna, contacted a company named Sof Group for a loan of ₹5 lakh after seeing an advertisement on a social media reel.
A man identified as Prasad (phone number: 9780741706), claiming to represent the company, contacted Shivakrishna and collected all required loan documents through WhatsApp. The fraudsters then made him transfer a total of ₹2.46 lakh under various false pretexts related to loan processing.
When Shivakrishna later called Prasad to ask why the loan had not been disbursed, Prasad pressured him to pay an additional ₹60,000, allegedly threatening that if the amount was not paid immediately, the loan would be cancelled and none of the previous payments would be refunded.
Realising he had been cheated, Shivakrishna immediately reported the fraud by calling the Cybercrime Helpline 1930 and received an acknowledgement. He has requested the police to trace the fraudsters, take action against them, and help him recover his money.
