Mohali, April 19 -- Zirakpur police busted an online fraud racket that targeted people abroad by offering loans at low interest rates and arrested 10 accused during a special operation.

According to police, the accused operated a cyber fraud network in which they contacted foreign nationals through online calls and lured them with offers of low-interest loans. They falsely claimed to arrange loans and convinced victims to pay processing fees or advance charges in dollars.

The accused collected money from victims without authorisation to provide loans. They ran the operation in a planned manner while sitting in India and targeted people living abroad.

Police registered a case under relevant sections of the Bharatiya Nyaya Sanhita and th...