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Cyber Gang Busted For Fake Loans
📷 Image: Wikimedia Commons / Ministry of Science and Technology
Crime

Cyber Gang Busted For Fake Loans

✍️ The Times of India 🗓 16 Aug 2026, 06:47 PM 👁 23
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A cyber gang offering fake Mudra loans has been busted, with nine arrests made. The gang was involved in cheating people by offering fake loans.

In a significant crackdown, a cyber gang involved in offering fake Mudra loans has been busted. The gang's modus operandi involved cheating people by promising them easy loans under the Mudra scheme. The arrests were made after a thorough investigation, and the accused are being questioned to uncover the extent of their operations. The Mudra loan scheme is a government initiative aimed at providing financial assistance to small businesses and entrepreneurs. The busting of this cyber gang is a major relief for those who have been targeted by such scams.
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