Archive · 13 Aug 2025
Vizag Police Return Rs 48 Lakh to Loan App Victims
The police in Visakhapatnam helped people who were tricked by fake loan apps.
They turned money taken from the bad guys (in the form of digital money) into regular money and gave back about half a million rupees to the victims.
The police are also warning people not to borrow from online loan apps that aren't approved.
If people help cybercriminals by letting them use bank accounts, they could face legal trouble.
Vizag Cyber Crime Police converted seized cryptocurrency to Indian currency.
Rs 48 lakh was handed over to loan app victims.
295 loan app victims were identified in Visakhapatnam.
Approximately 100 people lost money to loan apps.
Police are taking legal action against those aiding cybercriminals.
- Who
- Vizag Cyber Crime Police.
- What
- Vizag police returned funds to loan app victims.
- When
- Tuesday (implied from context).
- Where
- Visakhapatnam, Andhra Pradesh.
- Why
- To help victims of loan app fraud and combat cybercrime.
- Funds Returned
- Rs 48 lakh
- Loan App Victims Identified
- 295
- People Who Lost Money
- Approximately 100
