Five loan app agents held from Dharwad for harassing Mumbai man

Dharwad: The Maharashtra Cyber on Monday claimed to have busted a gang of five loan app operators cum agents who used to extort money from victims by threatening to circulate their morphed pictures on social media if they failed to repay the alleged debt, a police official said, adding all the accused are well-educated.

The accused, identified as Suhail Naseeruddin Sayyed (24), Ahmed Raza Zahid Hussain (26), Sayyed Athar (24), Kaif Kadari (22) and Muftiyaz Basha Peerzade (21), were nabbed from Dharwad in Karnataka, an official said. All of them are highly qualified and one of them holds an MBA degree.

They were arrested after a man from suburban Bhandup in Mumbai lodged an FIR alleging harassment by agents of a loan app after he took the loan of Rs 11,000. He ended up paying Rs 96,000 till May, as per the complaint.