Five arrested for running loan fraud syndicate in Kolkata

KOLKATA: Kolkata Police have arrested five persons from different states for allegedly running a fraudulent scheme under the guise of facilitating loans through the Pradhan Mantri Mudra Yojana, officials said on Saturday.

According to police, the arrests were made following a raid conducted by officers from the Purba Jadavpur police station on Friday night. The accused were arrested from a residential building in Nitai Nagar on the outskirts of Kolkata. The Police are investigating who others are involved in this syndicate.

According to police, the arrested individuals have been identified as Amit Khan, Rathin Siddi, Mohammad Nazimuddin Siddiqui, Vishal Shinde, and Madhusudan HR. Rathin, Nazimuddin, Vishal, and Madhusudan are residents of Karnataka, while Amit is a resident of Bihar. All of them were residing in the Purba Jadavpur police station area.