The Whitefield Division Cyber Crime police have registered a case against unknown people for misusing the name of a private finance company that runs a digital loan app and cheating people on the pretext of providing instant loans.
Based on the complaint filed by Sumithra V, legal manager of SmartCoin Financials Pvt Ltd, the police have charged the accused under various sections of IT Act, 2000, and also for cheating and impersonation.
According to the complaint, the accused created fake email IDs resembling the company name and mailed random people in bulk offering instant loans. Using this bait, the accused duped several people by collecting the money on the pretext of processing fees or insurance amounts.
The racket came to light when many people who lost money approached the company and raised a complaint. The police are now trying to track down the accused through the transaction details.
Published – February 09, 2025 09:37 pm IST