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HYDERABAD: Though 50 cases have been registered against money lending applications (apps) and Telangana police requested Google to remove 113 apps from its PlayStore, the Internet search giant is yet to remove most and has axed only a handful of apps.
Hyderabad police have registered 29 cases, Cyberabad 10, Warangal seven and Rachakonda four cases based on complaints lodged by harassed victims of money lending apps.
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Chinese national, believed to be the kingpin, is absconding
Warangal police on Sunday busted a gang operating mobile phone loaning app and arrested three persons in Bengaluru.
A Chinese national Erik Penglu, kingpin in the case, and another accused Padra Binda Ray are still at large. The three arrested, Debashish Das, B.R. Sanjay and Santosh Kumar Nayak, were brought from Benglauru to Warangal. They were presented before a local court there and remanded in judicial custody.
The arrested trio working in Bengaluru-based Shine Bey Technology private limited admitted to police that the Chinese national colluded with them to make the mobile loaning app to make a fast buck. They prepared mobile loaning apps and uploaded them on Google Play Store. They used to post ads about the apps named Fast Credit, Loan Pro and Smart Rupee on social media platforms, offering instant loans to netizens.