By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
India Times NowIndia Times NowIndia Times Now
Notification Show More
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Reading: Loan defaulter arrested, assets worth ₹7 crore seized
Share
India Times NowIndia Times Now
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
Search
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Have an existing account? Sign In
Follow US

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

India News

Loan defaulter arrested, assets worth ₹7 crore seized

India Times Now Desk
Last updated: May 18, 2026 2:18 pm
India Times Now Desk
Published: May 18, 2026
Share
SHARE


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



Source link

What does the Centre’s Vision Document on Drug Control 2026-2029 propose?
T.T.V. Dhinakaran’s AMMK returns to NDA in Tamil Nadu ahead of Assembly elections
Kerala’s ‘Vision 2031’: Health Minister’s review meet in Thiruvalla on Tuesday
Tamil Nadu election 2026: Gangavalli constituency traders demand building for State’s second largest vegetable market
Is air pollution a South Asian crisis? | Explained
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Popular News

UDF secures power in all six municipalities in Kottayam

India Times Now Desk
India Times Now Desk
December 26, 2025
With AI, Karnataka is entering a new phase of industrial transformation: Minister
T.N. Speaker Prabhakar says decision on AIADMK split will show his neutrality
Karnataka Transport Department misses revenue target by 14%
Manipur’s violence-hit people, seeking to return home, clash with security forces
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
© INDIA TIMES NOW 2026 . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?