NOB- Hyderabad news: The Cyber Crimes team of Hyderabad City has arrested Nagaraju Devu, the main accused in a business loan fraud case involving ₹1.55 crore. The victim, a 39-year-old businessman from Hyderabad, was defrauded after responding to an online advertisement in June 2023. The accused posed as the owner of Finpair Solutions Pvt. Ltd. and offered fake business loans through a fraudulent website (finpair.in). Over several months, the victim was tricked into transferring funds under the pretext of processing fees. The case was registered under Crime No. 408/2025 under sections 66C, 66D of IT Act and 419, 420 IPC. Two mobile phones were seized during the arrest. Citizens are warned against falling for fake online loan advertisements. Always verify the legitimacy of financial offers and avoid transferring money without proper verification.