Araria police arrest scammers; they defrauded women
bhaskar.com (undefined) —
Two individuals were arrested in Araria, India, for running a fake finance company and defrauding approximately 300 women of 10 lakh rupees. The company, River Finance Limited, promised loans but absconded with processing fees. The arrested men, identified as Jayram Kumar and Sunil Kumar, confessed to the crime. They collected 2,500 rupees each from women in 25 groups across Araria and Jalalgarh, promising group loans. Police have frozen their bank accounts. The police are searching for six more suspects and investigating the landlord who rented the office. Authorities are also coordinating with other districts where the scam may have occurred and have urged the public to be cautious of such schemes.