The Police are conducting investigations into alleged incidents involving scammers who advertise phone numbers without proper details in the local media promising loans and other monetary facilities and subsequently defraud unsuspecting investors.
The culprits who advertise their phone numbers without proper details are alleged to be promising monetary facilities to lure their investors. The fraud bureau has alleged that they have used false agreements and defrauded people. After receiving several complaints investigations have been initiated into such scams involving institutions that promise upcoming and small businesses loan facilities. It is reported that after the loan payments are completed the land or property that is given as surety are not being returned. The police have warned the public to be mindful of the institutions they invest in.