Metro India News | Hyderabad 

The sleuths of Commissioner’s Task Force, Central Zone Team, Hyderabad arrested an accused person who had been absconding since 2021 and was involved in multiple Mudra loan fraud cases across the tri-commissionerates of Hyderabad, Cyberabad, and Rachakonda.

Arrested accused was identified as Shaik Jani (34), resident of Saroornagar, Hyderabad. The accused Shaik Jani is a native of Nakrekal village in Nalgonda district migrated to Hyderabad in 2011, in search of livelihood. Despite working for various private firms, he was dissatisfied with salary and faced job loss during the Covid-19 in 2020, resulting in severe financial difficulties.

While unemployed, he began watching YouTube videos related to government financial schemes and became acquainted with the Mudra Loan process. He then hatched a plan to cheat people, particularly targeting women involved in Small Scale Business who were in urgent need of financial support. By falsely promising assistance in securing Mudra Loans, he collected money and documents from victims and absconded. Police seized Apple iPhone 15 Plus, Redmi 7A mobile, Maruthi Breeza (TS-07 KG-1414) and Royal Enfield bike (TG-07 AC-1414) from the accused person.