Kolkata Police Nab 5 in Pradhan Mantri MUDRA Yojana Loan Scam
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Kolkata police have made a significant breakthrough in a loan scam case, arresting five individuals for allegedly cheating small business owners by promising loans under the Pradhan Mantri MUDRA Yojana scheme. The accused, hailing from Karnataka and Bihar, were arrested during a raid at a residential complex in Purba Jadavpur area on Saturday. According to the police, the accused - Amit Khan, Rathin CD, Mohammad Nazimuddin Siddiqui, Vishal Sindhe, and Madhusudan HR - targeted small business owners, promising them loans under the government's flagship scheme. The scheme provides loans up to Rs 20 lakh to entrepreneurs who have successfully repaid previous loans. Police recovered eight smartphones and six keypad mobile phones from the possession of the accused. The case dates back to January 7, when a complaint was lodged at Purba Jadavpur Police station. Further investigation is underway to identify other persons linked to the racket and to ascertain the full extent of the fraud. The accused are scheduled to be produced before a local court on Saturday. Police have registered the case under various sections of the Information Technology Act and the Bharatiya Nyaya Sanhita. The Pradhan Mantri MUDRA Yojana scheme aims to support non-corporate, non-farm small/micro enterprises by providing them with loans up to Rs 20 lakh.
