CCB busts bank loan racket, six including women arrested

The bank fraud prevention wing of the Central Crime Branch (CCB) arrested Selvaprabu and Sivakumar, the main accused and ‘business’ partners, who have allegedly cheated about 1,000 people to the tune of crores in the last three years.

Their aide Vinoth and three women — Lavanya, Anandhi and Muthamizhselvi, who were team leaders of the call centre, have also been arrested. The CCB seized Rs 11.75 lakh, mobile phones and pertinent documents from them

Explaining their modus operandi, an official said, “They would call random people using the database they have and offer to arrange loans for low EMIs. From those who fall for their attractive promises, they would get their debit and credit card details to pay the initial sum. After swindling the sum, they would send them a reference number claiming that their loan has been sent for approval. A few weeks later, they would call back and claim that the loan has been rejected and promise that the initial payment they made would be reimbursed in 45 days.

But they would snap the contacts with the victims and change the SIM cards to find other gullible people.

Following several complaints, CCB sleuths registered a case and arrested the suspects after a thorough investigation. The police said that the office was running in a building where a public sector bank was functioning on the ground floor.