Latest news with #ShaikJani
Hans India
7 days ago
- Hans India
After 3 years on run, conman arrested for Mudra loan fraud
Hyderabad: A man involved in multiple Mudra loan fraud cases has been apprehended by the Hyderabad Commissioner's Task Force, Central Zone Team. The accused had been absconding since 2021, operating across the Hyderabad, Cyberabad, and Rachakonda commissionerates. Police arrested ShaikJani alias HarinathRao (34), a native of Nalgonda District. He was previously implicated in seven Mudra loan cases. According to police, Jani moved to Hyderabad in 2011 in search of a livelihood. After working for various private firms, he became dissatisfied with his salary and subsequently lost his job during the COVID-19 pandemic in 2020, which led to severe financial hardship. While unemployed, he began watching YouTube videos about government financial schemes and became familiar with the process for obtaining a Mudra loan. 'Jani hatched a plan to cheat people, particularly targeting women involved in small-scale businesses who were in urgent need of financial support. By falsely promising to assist them in securing Mudra loans, he collected money and documents from the victims and then absconded,' said YVS Sudheendra, DCP Task Force. On August 1, police apprehended the accused, and the seized materials were handed over to IS Sadan police for further action.
The Hindu
04-08-2025
- The Hindu
Man wanted in multiple Mudra loan fraud cases arrested after 4 years on run
A man who had been absconding for nearly four years in connection with multiple Mudra loan fraud cases was arrested by the Central Zone of the Commissioner's Task Force, Hyderabad, on Friday, August 1. The accused, identified as Shaik Jani alias Harinath Rao, 34, a private employee, a resident of Saroornagar, was wanted in seven cases registered across the tri-commissionerates of Hyderabad, Cyberabad, and Rachakonda. According to the police, Jani, a native of Nakrekal in Nalgonda district, moved to Hyderabad in 2011 in search of employment. He worked in various private firms but struggled financially, especially after losing his job during the Covid-19 pandemic in 2020. During this period, he came across videos on YouTube about government loan schemes and learned about the Mudra loan process. Exploiting this knowledge, he devised a plan to defraud individuals, particularly women engaged in small-scale businesses, by offering to help them secure Mudra loans. Police said he collected money and original documents from unsuspecting victims under the pretext of facilitating the loans and then disappeared. Seven cases have been registered against him under various sections of the Bharatiya Nyaya Sanhita (BNS), Indian Penal Code (IPC), and the IT Act across police stations including IS Sadan, Meerpet, Chaitanyapuri, Vanasthalipuram, Neredmet, Saroornagar, and Alwal. The police seized a car, a motorcycle, and two mobile phones from him. The accused, along with the seized material, was handed over to the IS Sadan police for further investigation.
