🇮🇳 India's first community scam intelligence platform — search before you trust⚡ UPI Fraud? File a report in 60 seconds and protect others📞 Cybercrime Helpline 1930 — free, 24×7, available across all states🛡️ Your report is anonymous — speak up, keep India safe🏛️ Know your rights — explore Citizen Ethics from birth to death🔍 86,420 cybercrime cases were registered in India in 2023 (NCRB)🇮🇳 India's cybercrime cases are nearly 9× higher than in 2014 (NCRB)🇮🇳 3,82,632 cybercrime cases registered in India from 2014 to 2023 (NCRB, via MHA)📞 ₹7,130 crore+ saved in 23.02 lakh+ cyber-fraud complaints through India's helpline system (I4C, MHA)🇮🇳 India's first community scam intelligence platform — search before you trust⚡ UPI Fraud? File a report in 60 seconds and protect others📞 Cybercrime Helpline 1930 — free, 24×7, available across all states🛡️ Your report is anonymous — speak up, keep India safe🏛️ Know your rights — explore Citizen Ethics from birth to death🔍 86,420 cybercrime cases were registered in India in 2023 (NCRB)🇮🇳 India's cybercrime cases are nearly 9× higher than in 2014 (NCRB)🇮🇳 3,82,632 cybercrime cases registered in India from 2014 to 2023 (NCRB, via MHA)📞 ₹7,130 crore+ saved in 23.02 lakh+ cyber-fraud complaints through India's helpline system (I4C, MHA)

Report Scams

For a Better India

Updating protected services for a safer Bharat. Jai Hind.

Loan fraud case: Three arrested for duping public of ₹100…

← Back to live cases

activeCyber Crime / Digital ArrestTamil Nadu

Loan fraud case: Three arrested for duping public of ₹100 crore in Chennai | India News

Three individuals were arrested by the Central Crime Branch police for allegedly cheating members of the public in Tamil Nadu and Kerala out of more than ₹100 crore. According to authorities, the suspects promised to secure business loans for industrial development in exchange for advance service fee payments, but failed to provide the loans.

State

Tamil Nadu

First reported

October 2026

Amount alleged

₹100 crore

Agency involved

Central Crime Branch police, Chennai

Arrests

Three individuals arrested

Status

Remanded to judicial custody after being produced before a local court

The full story

Everything you need to know about this case, in one place.

The investigation began after a complaint was filed by a city-based businessman who alleged that the key suspect and two associates lured him with promises of a loan. The suspects collected an advance of ₹2 crore, took signatures on cheques and blank papers, and later demanded additional money through threats, police stated.

Following a probe by a special police team, the key suspect and his two accomplices were arrested. Investigators discovered that the gang had used similar tactics to defraud numerous people across multiple police jurisdictions, including Dharmapuri and Kerala, where several cases were already pending against them.

After the completion of the initial investigation, the three arrested individuals were produced before a local court and remanded to judicial custody. The city police commissioner issued an advisory urging the public to obtain loans directly from banks and to avoid dealing with fraudulent middlemen and financiers.

Not yet reported: The articles do not specify the total number of victims outside of the primary complainant or the exact outcomes of the previously pending cases in other police stations.

Where the case stands

The latest position in the reports we read.

The three arrested suspects have been produced before a local court and remanded to judicial custody as police continue investigating their involvement in multiple pending cases.

Who was affected

Described in general terms; we do not name victims.

Members of the public, including a city-based businessman and other individuals across Tamil Nadu and Kerala who were seeking loans.

Timeline

Key dates as reported, oldest first.

WednesdayA special Central Crime Branch team arrested the key suspect and two of his associates.

ThursdayPolice officially announced the arrest of the three individuals and the details of the ₹100 crore loan fraud case.

How the scam worked

The method described in the reports.

The suspects targeted individuals seeking business loans for industrial development.
They promised to secure loans in exchange for an advance payment collected as a service fee.
During the process, they obtained signatures from the victim on cheques and blank papers.
After collecting the advance money, they failed to arrange the promised loans.
They escalated the fraud by demanding additional money through threats.

Targeted by something similar?

Call 1930 (free, 24x7) straight away, then file at cybercrime.gov.in. Money reported in the first hours is far easier to freeze.

Report it on Report Scams Emergency guide How these scams work

Keep reading

More cases like this one.

4 community-reported scams from Tamil Nadu →Ex-DMK minister Anbil remanded to judicial custody till Nov 6Cyber Crime / Digital Arrest · Tamil Nadu Former DMK MLA Muthukumar surrenders in ₹100-Crore private school approval fraud caseCyber Crime / Digital Arrest · Tamil Nadu Madras HC rejects KN Nehru's plea to review order to DVAC directing FIR in cash-for-jobs scamCyber Crime / Digital Arrest · Tamil Nadu Chennai YouTuber arrested for allegedly abetting suicide of influencerCyber Crime / Digital Arrest · Tamil Nadu

Sources and further reading

Optional. The full story is above; these are the original reports it was prepared from.

hindustantimes.comOriginal report Hindustan TimesOpens via Google News

Prepared by Report Scams, with the help of AI, from the published reports listed above. Check those reports for the latest. Cases here describe allegations. An FIR, arrest or charge is not a finding of guilt. To report a mistake, or to ask for a correction or removal, write to our Grievance Officer. See also the Safe Posting policy.