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payday loans TOIHyderabad: Pahadesharif police on Tuesday arrested five persons, including the manager and assistant manager of the Union Bank of India (UBI) for their involvement in Rs 2.9 crore loan fraud by mortgaging imitation gold. Based on a complaint lodged by UBI Thukkuguda manager R Yashwanth Reddy on September 23, police registered a case of cheating and criminal conspiracy. Police arrested T Sainath (25) appraiser in UBI, A Sunil Kumar (31), ormer manager of UBI Thukkuguda branch, R Pradeep Kumar (36) asst manager UBI, M Santosh Kumar (45) gold smith from Karmanghat and T Shivanath (27) from Thukkuguda for their involvement in the fraud payday loans..