Gang Lord Involved in Loan Fraud Arrested in Royapettah
The Central Crime Branch (CCB) of the Greater Chennai Police has apprehended Mohammed Dawood Khan, a gang lord accused of orchestrating a widespread loan scam that defrauded numerous victims.
The CCB received multiple complaints from businessmen across Tamil Nadu and beyond, all claiming to have fallen prey to Khan’s fraudulent operations, which promised low-interest loans in exchange for an advance processing fee.
The case came to light on November 20, 2023, when Sanivarapu Venkata Siva Reddy from Andhra Pradesh lodged a complaint with the city police commissioner, alleging that he had been swindled out of Rs2 crore under the guise of securing a Rs100 crore loan. In response, the CCB launched an investigation, uncovering a pattern of deception affecting various businessmen nationwide.
A special task force led by Inspector Rajesh Kanna of the CCB was established to track down the culprits. They successfully captured Baron Uday Krishna, alias Mohammed Dawood Khan, aged 32, in Royapettah. The authorities seized his luxury sedan and four high-end mobile phones, and he has since been remanded in custody.
Khan and his accomplices are linked to at least 13 cases within city limits, five in Maharashtra, and one in Jharkhand, collectively defrauding victims of over Rs15 crore. His accomplices—Karthik, Narasiman Ramadass, Panneer Selvam, and Imtiaz, also known as Sathish—have already been arrested and detained under the Goondas Act.