The Hyderabad Commissioner’s Task Force, Central Zone Team, has apprehended a man involved in multiple Mudra loan fraud cases. Police arrested ShaikJani alias HarinathRao (34), a native of Nalgonda District. He was previously implicated in seven Mudra loan cases. He had been absconding since 2021, operating across the Hyderabad, Cyberabad, and Rachakonda commissionerates.
Job Dissatisfaction
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.
Where Is The Accused From?
According to sources, Shaik Jani from originally from Nakrekal village in Nalgonda district, has multiple cases registered against him across the Hyderabad, Cyberabad, and Rachakonda Police jurisdictions. He has been absconding since 2021. According to police, Jani moved to Hyderabad in 2011 in search of a livelihood.
Who Did The Accused Dupe?
His main targets involved women running small-scale businesses in urgent need of financial aid. He would pose as someone who could help the women secure Mudra loans. He was collecting money as well as documents from the victims before disappearing.
Police Investigation
According to Siasat Daily, the Police recovered two mobile phones, including an iPhone 15 Plus, a car and a Royal Enfield motorcycle.
According to Telangana Today, “Jani had collected huge amounts from women on the pretext of arranging Mudra loans and duped them,” said YVS Sudheendra, DCP, Task Force.
