Man arrested for duping loan seekers

Bengaluru | Thursday | 19th April, 2018

Summary:

Other victims include a businessman who paid him ?3.8 lakh for a ?50 lakh loan and a taxi driver who gave him ?64,000 as commission for a loan of ?4 lakh. Punith had allegedly promised to help the businessman, Nandish, get a ? 4lakh loan, and took a commission of ?70,000. Based on a complaint filed by a businessman from Malleswaram, police tracked him down and arrested him on Tuesday. more-inThe Malleswaram police have arrested a 34-year-old unemployed graduate for duping several people of lakhs of rupees after promising loans under the Prime Minister's Micro Units Development and Refinance Agency (MUDRA) scheme. “Punith would often hire the taxi driver, Shivaprasad..