hyderabad central crime station ccs investigators have arrested three delhibased members of a personal loan fraud gang which had duped 522 persons across the country of over rs 10 crore also the investigators froze seven bank accounts which had deposits to the tune of rs 151 crore belonging to the fraudsters the ccs sleuths arrested mahipal singh yadav 34 md of my investment guruji services pvt ltd gurgaon his employees vimal arora 21 and shanthanu kumar 28 on august 28 syed qutubuddin a businessman who lives in harilalbagh azampura lodged a complaint with the ccs police alleging that he was lured by a telecaller of my investment guruji services pvt ltd to avail rs 20 lakh personal loan at a low interest rate and made him submit a loan application to finvest finance pvt ltd owned by sandeep juneja of noida the complainant further alleged that by promising to sanction rs 20 lakh loan the representatives of finvest finance and guruji services had forced him to pay rs 58 lakh through cheques in the name of various processing fee and then switched off the phones based on his complaint the cyber crime unit of ccs registered a case and nabbed the trio on september 3 from delhi and surrounding areas they were later produced before local courts and then brought to the city on sunday on a prisoner transit pt warrant subsequently they were remanded in judicial custody by a hyderabad court during interrogation mahipal singh yadav confessed that his firm which started in 2013 used to do telecaller work for sandeep junejas firm which used to sell holiday privilege cards as the business ran into losses juneja and he decided to use their services to dupe people by offering personal loans at a low interest rate the employees of yadav used to randomly select mobile numbers of victims by searching on the internet and then approach them over phone with a personal loan offer hyderabad police commissioner m mahender reddy said at a press conference once a victim shows interest the employees of yadav send details to juneja who would send loan processing documents to the target and subsequently collect cheques from himher in the name of processing fee yadavs employees used to frequently change sim cards and cell phones to avoid detection from law enforcement agencies after the arrest of the trio ccs police froze seven bank accounts belonging to the accused having rs 151 crore deposits