Hyderabad: In the continuing crackdown against the dubious instant loan apps cheating and harassing people, the cyber crime wing of Hyderabad police has arrested a Chinese national who was trying to escape from the country.
27 year old Zhur Wei alias Lambo was arrested at the Delhi airport almost a week after raids across many cities in India exposed a massive fraud and extortion running into several billions dollars which was transferred out of the country in the form of bitcoins.
Arrest of Lambo, who hails from Xiangxi province, has taken the criminal investigations by the police of Telangana, Haryana, Karnataka and many other Indian states close to the alleged Chinese brain behind the operations.
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.