Police bust loan fraud gang in Kishanganj, arrest mastermind after duping 200 women

Police in Bihar’s Kishanganj district announced the dismantling of an inter‑district fraud network that masqueraded as a micro‑finance company. The gang approached women with promises of easy loans, collecting cash advances ranging between ₹4,000 and ₹7,000 from each victim. Investigators say roughly 200 women fell prey to the scheme before authorities intervened. The operation culminated in the arrest of the alleged mastermind, who is now in police custody pending further inquiry. Officials emphasized that the case highlights the need for greater vigilance against fake lending outfits targeting vulnerable borrowers.