Published Nov 05, 2026 | 5:05 PM ⚊ Updated Nov 05, 2026 | 5:05 PM
Police appealed to the public not to sign blank cheques or promissory notes and to report instances of financial exploitation.
Synopsis: Telangana police have arrested four more women in an alleged illegal lending racket that targeted cash-strapped borrowers with high upfront interest, withheld loan amounts and demands for additional payments. The gang allegedly retained signed blank cheques and property documents, threatened borrowers who sought their return, and forcibly took two cars from an elderly woman doctor; police believe more than 20 people were targeted.
The Telangana police on Thursday, 5 November arrested four women in an alleged illegal lending racket that targeted cash-strapped borrowers, including elderly people, employees and businesspersons, by offering large loans, collecting heavy interest in advance and retaining signed blank cheques and financial documents. Seven people have been arrested in the case so far, while four others are absconding.
The Special Operations Team of the LB Nagar Zone, Hyderabad, along with the LB Nagar police, arrested Kumbam Nagamma (48), Kandela Gangamma (45), Kandela Mangamma alias Rani (36) and Adulla Anusha (32).
On 26 October, the police arrested Kandela Shiva Kumar alias Varun (24), Vagrigiri Indramma alias YV Indra (38) and Gaikwada Swapna (32).
Malkajgiri Commissioner B Sumathi said the gang approached people through middlemen and acquaintances, promising them large loans. It allegedly collected heavy interest upfront and disbursed only a portion of the promised amount to several borrowers. The accused then demanded additional payments, claiming that these would help secure a larger loan.
The accused allegedly collected signed blank cheques, bonds and promissory notes worth far more than the amounts they lent. They retained the documents even after borrowers claimed to have repaid the loans and demanded fresh payments. Those who questioned the demands faced threats of criminal cases and physical harm, the police said.
*CRACKDOWN ON ILLEGAL FINANCE & LOAN FRAUD NETWORK*
Under the supervision of CP Malkajgiri, Smt. B. Sumathi, IPS, and the guidance of DCP, LB Nagar Zone, Smt. B. Anuradha, IPS, and DCP, SOT, Shri K. Manohar, SOT LB Nagar Zone and LB Nagar Police arrested four more accused in an organised illegal finance and loan fraud network, taking the total number of arrests to *7* in cases registered at LB Nagar, Neredmet and Keesara Police Stations.
The accused allegedly exploited financially distressed individuals through exorbitant interest, fraudulent loan promises and threats. Vehicles, mobile phones, blank cheques, promissory notes, property documents and cash were seized.
Stay Alert. Never Sign Blank Cheques or Promissory Notes. Stay Cautious and Report Financial Exploitation to the Police.
#MalkajgiriPolice #SumathiIPS #TelanganaPolice #CrimePrevention
— Malkajgiri Police (@MalkajgiriCop) November 5, 2026
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Among the victims was an elderly woman doctor who wanted to buy an artificial intelligence-based cancer-detection machine. The police said she handed over money and financial documents to the gang, which later forcibly took possession of her Toyota Innova Hycross and Skoda car.
Other victims included a driver and his friend, a private schoolteacher and a retired Veterinary Department employee. The police put the number of victims at more than 20.
The police seized two cars, 12 mobile phones, 22 blank cheques, 25 promissory notes, two sale deeds and two Telangana pattadar passbooks. They also recovered ₹33,010 in cash from Nagamma and ₹14,680 from Gangamma.
Four cases have been registered at the Keesara, Neredmet and LB Nagar police stations. Investigators are tracing the money trail and examining the role of each accused. The police plan to seek the accused’s custody for questioning and may invoke the Preventive Detention Act.
Police appealed to the public not to sign blank cheques or promissory notes and to report instances of financial exploitation.
(Edited by Dese Gowda with inputs from Sreshta Ladegaam)
