Loan fraud: Man cheated of Rs 60,000 in Hyderabad

HYDERABAD: Fraudsters duped a 45-year-old private employee of Rs 59,450 after promising to provide him Rs 1 lakh personal loan.
The victim, Thota Srinivasulu, 45, of Arunodaya Colony in Hayathnagar alleged that he received phone call from an unknown fraudster offering Rs 1 lakh loan recently and initially paid Rs 2,500 towards processing fee.
Subsequently, the accused kept collecting more money towards various other fees and after paying Rs 59,450, he realised this was a fraud and lodged a complaint with police of Hayathnagar.