Archive · 11 Jan 2026
Five Arrested in Kolkata Loan Fraud
Five people were caught in Kolkata for tricking small business owners.
They promised to help them get loans from the government, but it was all a lie.
The police found them in a building and took them to court.
They also took some phones from them.
The police are still checking if more people are involved.
The five people are from different states but were living in Kolkata.
They will be in court soon, and the police want to ask them more questions.
Five individuals were arrested in Kolkata for running a loan fraud syndicate.
The arrests were made following a raid by Purba Jadavpur police station.
The accused promised to secure loans under the Pradhan Mantri Mudra Yojana to defraud small business owners.
Fourteen mobile phones, used to deceive applicants, were seized from the arrested individuals.
The accused will be produced in court and the police will seek their custody for further investigation.
- Who
- Five individuals: Amit Khan, Rathin Siddi, Mohammad Nazimuddin Siddiqui, Vishal Shinde, and Madhusudan HR
- What
- Arrested for running a loan fraud syndicate under the Pradhan Mantri Mudra Yojana
- When
- Arrested on Friday night, to be produced in court on Saturday
- Where
- Nitai Nagar, Kolkata
- Why
- Defrauded small business owners by promising loans under the Pradhan Mantri Mudra Yojana
- Location
- Nitai Nagar, Kolkata
- Arrested Individuals
- Amit Khan, Rathin Siddi, Mohammad Nazimuddin Siddiqui, Vishal Shinde, Madhusudan HR
- Seized Items
- Fourteen mobile phones
- Charges
- Information Technology (IT) Act and Bharatiya Nyay Sanhita (BNS)
- Complaint Filed
- January 7
- Loan Scheme
- Pradhan Mantri Mudra Yojana
Sources
Five arrested for running loan fraud syndicate in Kolkata
From Assam’s Hinterland To Global Scam Rings: How Morigaon Became A Cybercrime Hotbed
Five people from Bihar and Karnataka held for cheating PM Mudra Yojana applicants - Telegraph India
Cyber Fraud Gang Busted in Sathupally, Four Arrested
