Wed May 21 07:29:25 UTC 2025: Okay, here’s a news article based on the provided text, suitable for “The Hindu” newspaper:

**Hyderabad Real Estate Finance Scam Busted: Three Arrested for Loan Fraud**

**Hyderabad, May 21, 2025** – The Special Zonal Crime Team (SZCT) of the Central Crime Station (CCS), Hyderabad, has dismantled a fraudulent loan racket operating under the guise of a real estate finance consultancy. Three individuals have been arrested in connection with the scheme, which involved swindling property owners out of their assets.

The mastermind behind the operation, identified as Jabbar Khan Munshi Khan, 36, ran a real estate business called JK Financial Solutions in Somajiguda. His accomplices, Khureshi Javed Habibsab, 49, and Saddam Habibsab Kureshi, 34, were also apprehended.

According to police investigations, Jabbar Khan preyed on individuals seeking loans, convincing them that their credit scores were insufficient for approval. He would then persuade the victims to transfer ownership of their properties to his associates, falsely claiming it was a necessary step to secure the loan.

Once the properties were fraudulently acquired through bogus sale deeds, Khan and his associates would obtain mortgage loans using the new ownership details. The sanctioned loan amounts would initially be deposited into the original owner’s account. However, Jabbar had already collected advance cheques signed from the victims and would quickly withdraw the funds.

After siphoning off the money, the group would default on the loan’s EMI payments. This would ultimately trigger bank foreclosure proceedings, leaving the original property owners legally dispossessed and robbed of their assets. The investigation is ongoing, and authorities are urging anyone who may have been a victim of this scheme to come forward.

Read More