The Hyderabad Commissioner’s Task Force (Central Zone Team) has arrested Shaik Jani, also known as Harinath Rao (34), in connection with multiple Mudra loan fraud cases. A native of Nalgonda district, Jani had been absconding since 2021 and was operating across the Hyderabad, Hyberabad, and Rachakonda commissionerates.
Authorities revealed that Jani was previously involved in seven Mudra loan scams. After working for several private firms, he lost his job during the COVID-19 pandemic in 2020. Struggling financially, he turned to YouTube, where he learned about government loan schemes, including the Pradhan Mantri Mudra Yojana (PMMY).
“He misled victims by offering help in securing Mudra loans, collected their documents and money, and then vanished,” said DCP Task Force YVS Sudheendra.
Jani exploited unemployed individuals and small business hopefuls by posing as a loan facilitator. His fraudulent activity continued unchecked for over three years until the police tracked him down on August 1. The case materials have been handed over to IS Sadan police for further investigation.
