Hyderabad's Digital Loan Trap: Borrowers Face Harassment and Extortion

Cyber Crimes

Posted by AI on 2025-09-23 08:10:49 | Last Updated by AI on 2026-02-05 23:41:58

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In the bustling city of Hyderabad, a new wave of digital loan sharking has emerged, ensnaring unsuspecting borrowers in a web of extortion and harassment. The recent cases of two private company employees highlight the resurgence of this menacing trend, despite previous police crackdowns and awareness campaigns.

The first victim, a 35-year-old man, fell prey to a network of predatory loan apps, including Safefastmoney.com. He borrowed a substantial sum of 122 lakh but ended up repaying a staggering 140 lakh due to exorbitant interest rates. The financial burden was only the beginning of his nightmare. The loan operators unleashed a relentless campaign of harassment, blackmailing him and defaming his character. They accessed his personal contacts, forwarded his photos with fraudulent captions, and sent abusive messages to his friends and family, causing immense distress.

Another victim, a 26-year-old, encountered a similar fate after borrowing from apps like Credit Insight and Loan Radar. He was lured into a cycle of unauthorized disbursements, borrowing 12 lakh and repaying over 14.7 lakh. Despite his efforts, he faced relentless threats and humiliation. The operators morphed his photos into obscene images, sending them to his contacts, a disturbing tactic to coerce repayment.

These cases, reported to the Cyberabad cyber crime police, have prompted officials to take action. While complaints had decreased in recent months, the recent incidents serve as a stark reminder of the ongoing threat. Police are now urging victims to come forward, aiming to dismantle these illegal networks before they cause further harm. With the digital loan trap tightening its grip on Hyderabad, swift and decisive action is necessary to protect vulnerable borrowers from falling prey to these ruthless operators.

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