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Home » Loan defaulter arrested, assets worth ₹7 crore seized

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Loan defaulter arrested, assets worth ₹7 crore seized

Times Desk
Last updated: May 18, 2026 2:18 pm
Times Desk
Published: May 18, 2026
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The cybercrime police arrested a fraudster, Neelam Pavan Kumar, who borrowed loans with fake documents and did not repay them for the last few years.

A native of Gudur village in Krishna district, Pavan Kumar, worked in e-Seva for some time. He opened fake accounts with false ID cards, residential proof and other documents, said Deputy Commissioner of Police (DCP-Cybercrimes) K. Krishna Prasanna.

The accused opened 26 accounts in Eluru Road, Gunadala and other branches of a private bank in Vijayawada, and borrowed loans worth ₹5.28 crore. Pavan Kumar was wanted in other cases in Krishnalanka, Bhavanipuram, Bandar Two Town and Gudur police stations, Ms. Prasanna said.

Police seized documents valued about ₹7 crore, a car, 122 grams of gold jewellery, 927 grams of silver ornaments, nine ATM cards and other valuables from the accused, the DCP said and appreciated the police for arresting the fraudster.

Published – May 18, 2026 07:48 pm IST



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