In a significant crackdown on loan fraud, Nalgonda police arrested three individuals who defrauded a businessman of Rs60 lakh. The accused—Kandel Anupama, Kandel Veeramma, and Kandel Venkatamma—promised to lend the victim Rs5 crore but vanished after collecting the advance interest.
The trio, all residents of Hyderabad, allegedly took the Rs60 lakh without providing any funds. Fortunately, police managed to recover the full amount from the accused. Six other suspects involved in the scheme are still at large, and the investigation continues to track them down.