A man involved in multiple Mudra loan frauds was caught by the Hyderabad Commissioner’s Task Force, Central Zone Team. The suspect had been evading authorities since 2021, committing fraud in Hyderabad, Cyberabad, and Rachakonda regions. The police arrested Shaik Jani, also known as Harinath Rao (34), from Nalgonda District. He had previously been linked to seven Mudra loan fraud cases.
Jani moved to Hyderabad in 2011 looking for work. He was unhappy with his earnings from various private jobs and lost his job during the COVID-19 pandemic in 2020, which caused him financial difficulties. While jobless, he watched YouTube videos about government financial schemes and learned about Mudra loans.
“Jani planned to deceive people, especially women running small businesses who needed quick financial help. He promised to help them get Mudra loans, took their money and documents, and then disappeared,” said YVS Sudheendra, DCP Task Force. On August 1, police arrested him, and all seized items were given to IS Sadan police for further investigation.
