New Delhi, Nov. 13 -- A recent loan fraud targeting unsuspecting college students in Salem, Tamil Nadu, underscores how seemingly harmless and lucrative financial offers can lead to serious complications, exposing individuals to unexpected debt and legal trouble.

Having clarity on how this fraud occurred and on ways to avoid such scams can go a long way towards protecting the finances of students and graduates.

Two people have been arrested by the authorities for allegedly conning students by utilising their personal details and identity documents to facilitate unauthorised fraudulent loan transactions.

According to a report by The Hindu, two individuals identified as K Kannagi, aged 45, and her accomplice, Muthukumaran, aged 36, were ...