Indian Loan Fraudsters swindle UK clients

An Indian Call center in Delhi is reported to have made nearly 1000 calls every day to UK clients enticing them with Bank loan offers and extracting money in the form of advance fee.

A ‘conservative estimate’ of the loss is  around £10 million. Related Article

Police have arrested three persons two of them namely Mr Yasheen Nagpal and Rajat Bhayana who are  the Directors of the company (max infotech in Pitampura, Delhi ) and the other Mr Saurabh Gupta who is a free lancer.

It must be remembered that a scam of this nature cannot be committed without the connivance of a large number of persons including the employees of the call center. Each of the employees of the call center are accomplices and the Police need to take appropriate action against them.

Even the recruitment firm which would have recruited employees for this fraudulent firm needs to be questioned and booked for contributing to the offence. There are still a few online advertisements of this firm which are floating around. The advertisers need to remove such advertisements as part of their cyber law compliance. One such ad may be found on justdial.com (see here)

Naavi

About Vijayashankar Na

Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance
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