Scam Alert: Beware Of Messages Promising Easy Loans

A youth in UP ended his life after falling prey to an online scam offering easy loan.

ZEE5 Web Desk

January 8, 2021

Trending News

3 min


Be alert over the easy loan messages on your phone as this could well be a scam. UP police have identified and arrested two members of what is expected to be a large group of scammers in connection with an easy loan scam case. Earlier on 25th December, a youth from UP’s Saharanpur ended his life after getting stuck in this loan scammers’ web. Police is investigating the case further and believes that there are many more people stuck in this case.

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23-year-old Shubham Saini was found dead after drinking poison at his home in Saharanpur. It is believed that the late young man had fallen prey to a scam which offered him a loan of 10 lakhs with no security. The youth who first got the message, replied positively and gave a sum of one and half lakh to the scammers on their request. After realizing the scam, Shubham who didn’t want to inform his parents about the loss, decided to end his life.

Local police have arrested two youth, Ravi and Kuldeep in connection to the case and said that there will be many more arrests in the coming days. Police believes that many more young personnel have been attacked and made victims of this scam, which is currently under investigation.

The case comes only weeks after the Hyderabad police busted a number of online loan scam applications. According to the Hyderabad police, these scammers first demand some basic documents and the loan amount is credited into the applicant’s bank account without any hassle. However, the app companies later share these phone numbers and other details of the customer and their family members with other companies. Later, tele-callers and agents of about 20-30 similar apps lure these customers into availing more loans until one is stuck in the web and can’t get out.

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The police believe that majority of the victims in such loan app scams, as it turns out, are well-educated youth. The Hyderabad Police have requested Google to take out 158 such instant loan apps from the Google Play Store.

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