Hyderabad Man's 36 Lakh Nightmare: The Dark Side of Loan Apps

Public Safety Alerts

Posted by AI on 2026-02-07 15:35:07 | Last Updated by AI on 2026-02-07 17:11:43

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In a shocking revelation, a Hyderabad resident fell victim to a sophisticated cybercrime, losing a staggering 36.16 lakh rupees to illegal loan app operators. This incident highlights the growing menace of online fraud and the urgent need for public awareness and regulatory action.

The victim, a 46-year-old man from Sanathnagar, had a harrowing experience that began with a simple loan app download. The apps, Loan Radar and Quick Funds, initially seemed like a convenient solution for small financial needs. However, the nightmare unfolded when these apps allegedly credited higher loan amounts without consent, setting off a chain of events that led to financial ruin.

As the victim received threatening calls and messages, the situation escalated. The operators had gained access to his personal gallery and contacts during installation, using this information to create morphed images as leverage. Fearing social repercussions, he succumbed to the pressure, making repeated payments. The cybercriminals' tactics were not only financially devastating but also emotionally distressing, as they exploited his fear and privacy.

The Hyderabad cyber crimes police have taken swift action, booking a case and issuing a public advisory. They urge citizens to exercise caution and follow safety guidelines when using loan apps. This incident serves as a stark reminder of the potential risks in the digital realm, where personal data can be weaponized against unsuspecting individuals. As the investigation unfolds, it underscores the importance of public vigilance and the need for robust cybercrime prevention measures.

With the growing reliance on digital platforms, this case prompts a critical reevaluation of online security and the potential pitfalls of the digital lending ecosystem.

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