Chinese national among 4 held in Hyderabad in loan apps scam
By IANS| Published: 26th December 2020 6:54 am IST
Hyderabad, Dec 25 : A Chinese national was among four people arrested by Cyberabad police on Friday during a raid on a call centre in Hyderabad in the continuing crackdown on illegal loan apps.
Cyber crime police of Cyberabad raided Cubevo Technology Private Ltd’s (Skyline) call centre and arrested four employees Chinese national Yi Bai alias Dennis, Satya Pal Khyalia, Aniriddh Malhotra (both natives of Rajasthan) and Murathoti Richie Hemanth Seth of Andhra Pradesh.
Cyberabad Police Commissioner V.C. Sajjanar said another Chinese national Zixia Zhang is the main accused in the case and he is absconding along with another key accused Umapati alias Ajay.
Explained: What is the instant loan apps case? How were victims lured?
It is a racket in which instant personal loans are offered through mobile apps at exorbitant interest rates by unauthorised lenders. Written by Sreenivas Janyala , Edited by Explained Desk | Hyderabad | Updated: December 31, 2020 1:28:44 pm
Of the numerous apps that are available on Google PlayStore, most do not have any tie-up with any banks or Non-Banking Financial Institutions.
A woman employee of Telangana Agriculture Department and a software engineer
died by suicide last week after they were humiliated and blackmailed by tele-callers and recovery agents of a mobile app instant loan company. Their personal details were posted by the company on social media and labelled them defaulters and used abusive language.
Cyberabad police bust interstate online money-lending racket, arrest 6 hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
Telangana Police crack down on instant loan apps, 17 arrested
By IANS |
Published on
Wed, Dec 23 2020 0:12 IST |
0 Views
Harassment by loan apps claims two lives in Telangana. Image Source: IANS News
Hyderabad, Dec 23 : In a crackdown on instant personal loan apps, Telangana Police arrested 17 people in raids conducted in Hyderabad and Gurugram.
While Hyderabad police arrested 11 people in raids in Hyderabad and Gurugram, remaining were taken into custody by Cyberabad police during raids in Hyderabad.
The action came after three persons committed suicide due to harassment by the employees of online loan apps last week. A techie and a woman government employee were among those who ended their lives.