A call center which had been duping thousands of US citizens in name of easy loans has been busted by the Thane crime branch in Ambernath near Mumbai during the intervening night of June 8 and 9. The raid started in the Anand Nagar MIDC area of Ambernath where a BPO named Rackon enterprises operated from an industrial building.

The raid and search is still on after teams left for three different locations in and around Mumbai to apprehend the people involved. More than 25 callers including some women have been apprehended who offered loans at easy installments but on provisions that they would provide a commission.

The commission would be anything which could range between 20 to 30 per cent of the loan amount. These loans were of amounts ranging from USD 1,000 to 5,000 but sometimes the commission would go up to USD 10,000 as the customers were being lured in name of easy loans.

From: http://indiatoday.intoday.in/video/easy-loan-rackon-enterprises-bpo-us-citizens-duped/1/974496.html