People have taken their own lives after being abused and blackmailed by loan apps. Bbc Eye Investigations goes undercover to reveal the scam thats plaguing india. And to expose the people making money from misery, fear and shame. This is how the trap is set. You get a message saying youve been approved for an instant loan. All you have to do is download the app, accept the terms and conditions. And the money is yours. What you dont know is youre already in the trap. The app is extracting all your personal information your id cards, your photos and videos. The names and numbers of yourfamily, your colleagues, yourfriends. Thats when the extortion begins. My name is poonam agarwal. I am an investigative reporter. Last year, i began to hear stories about people scammed by loan apps. Most victims are too ashamed to talk, but one wanted to warn of the dangers of the trap. Bhoomi moved from loan app to loan app, borrowing one loan to pay another, often getting 30 or a0 calls a day. Eventuall
Across india, at least 60 people have taken their own lives after being abused and blackmailed by loan apps. Bbc Eye Investigations goes undercover to reveal the scam thats plaguing india. And to expose the people making money from misery, fear and shame. This is how the trap is set. You get a message saying youve been approved for an instant loan. All you have to do is download the app, accept the terms and conditions. And the money is yours. What you dont know is youre already in the trap. The app is extracting all your personal information your id cards, your photos and videos. The names and numbers of yourfamily, your colleagues, yourfriends. Thats when the extortion begins. My name is poonam agarwal. I am an investigative reporter. Last year, i began to hear stories about people scammed by loan apps. Most victims are too ashamed to talk, but one wanted to warn of the dangers of the trap. Bhoomi moved from loan app to loan app, borrowing one loan to pay another, often getting 30 or
Significant additional risks. Speaking this morning, ahead of the Imf World Bank meeting in marrakesh, ms yellen said washington was monitoring the potential Economic Impact of the escalating conflict. While we are monitoring potential Economic Impacts from the crisis, im not really thinking of that as a major likely driver of the Global Economic outlook. So we will see what impact it has. Thus far, i dont think weve seen anything suggesting it would be very significant. Janet yellen speaking earlier. Joining me now is gregory peters, co chief Investment Officer at pgim fixed income. Thank you for being with us. Janet yellen says so far things are ok, that there are lots of moving parts right now, notably how long this conflict goes on for and who else if anyone gets involved, i am thinking of saudi and iran. It is anyone gets involved, i am thinking of saudi and iran. Of saudi and iran. It is clear there are lots of of saudi and iran. It is clear there are lots of moving of saudi and
this is how the trap is set. you get a message saying you ve been approved for an instant loan. all you have to do is download the app, accept the terms and conditions. ..and the money is yours. what you don t know is you re already in the trap. the app is extracting all your personal information your id cards, your photos and videos. ..the names and numbers of yourfamily, your colleagues, yourfriends. that s when the extortion begins. my name is poonam agarwal. i am an investigative reporter. last year, i began to hear stories about people scammed by loan apps. most victims are too ashamed to talk, but one wanted to warn of the dangers of the trap. bhoomi moved from loan app to loan app, borrowing one loan to pay another, often getting 30 or a0 calls a day. eventually, she paid them off. but one app, asan loan, kept calling. asan loan had photoshopped bhoomi s face onto this porn image and sent it to every contact on her phone. it had been hard to find a victim willing to
lives after being abused and blackmailed by loan apps. bbc eye investigations goes undercover to reveal the scam that s plaguing india. ..and to expose the people making money from misery, fear and shame. this is how the trap is set. you get a message saying you ve been approved for an instant loan. all you have to do is download the app, accept the terms and conditions. ..and the money is yours. what you don t know is you re already in the trap. the app is extracting all your personal information your id cards, your photos and videos. the names and numbers of yourfamily, your colleagues, yourfriends. that s when the extortion begins. my name is poonam agarwal. i am an investigative reporter. last year, i began to hear stories about people scammed by loan apps. most victims are too ashamed to talk, but one wanted to warn of the dangers of the trap. bhoomi moved from loan app to loan app, borrowing one loan to pay another, often getting 30 or a0 calls a day. eventually, she