Hyderabad: Five Arrested for Duping Finance Company

Hyderabad: Five persons who allegedly duped Mannapuram Finance Limited of Rs 30 lakh were arrested by the Hyderabad Cybercrime police on Monday.

The arrested persons were Aditya Narayan Mohapatra (22), Laxmidhar Murmu (21), Pramod Nayak (23) Soumia Ranjan Patnaik (21) and Debasish Ojha (20), all natives of Odisha.

According to the police, the prime accused Aditya Narayan, who worked with Mannapuram Finance at Bhubaneswar made a phone call to the company’s branch office in Hyderabad and collected login details of two employees working in Hyderabad. He claimed he was from the head office and needed the details for verification. The two persons were engaged with the gold loan scheme of the finance company.

“After obtaining the account ids and passwords of the two employees, Aditya Narayan and his associates opened bank accounts in Odisha. They then applied for gold loans on Hyderabad addresses and using the credentials of the company employees, logged into their accounts and recommended the loan amount of Rs 30 lakh. The head office of the company sanctioned the gold loan and transferred the amount to the accounts provided by Aditya Narayan,” said Avinash Mohanty, Joint Commissioner of Police, Detective Department.

The company management lodged a complaint after noticing the fraud. The Hyderabad Cybercrime wing booked a case and arrested the suspects after identifying them.

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