4 arrested for supplying SIM cards to racketeers
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They sold them 1,100 cards which were activated without proper verification of records
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They sold them 1,100 cards which were activated without proper verification of records
The Central Crime Branch (CCB) on Wednesday arrested four persons two directors of a software firm in Chromepet, a distributor and a territory sales manager of a mobile phone service provider for procuring 1,100 SIM cards and supplying them to the Chinese nationals who ran an online loan apps racket.
Last week, the CCB arrested four persons, including two Chinese nationals, in Bengaluru for operating illegal online instant loan apps. It was alleged that they collected exorbitant rate of interest and threatened, harassed and abused customers after they took loans.
Loan app racket busted by Tamil Nadu Police, 4 including two Chinese nationals arrested
Loan app racket busted by Tamil Nadu Police, 4 including two Chinese nationals arrested
Two Chinese and as many Indian nationals have been arrested for allegedly operating instant loan apps in Chennai. The two Indians had been operating the call centre from Bengaluru and had employed over 100 people to provide quick online loans
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UPDATED: January 3, 2021 00:05 IST
Two Chinese and as many Indian nationals have been arrested for allegedly operating instant loan apps in Chennai.
Two Chinese and as many Indian nationals have been arrested for allegedly operating instant loan apps in Chennai, police said on Saturday.
Illegal loan apps case | Chennai Police arrest two Chinese nationals in Bengaluru
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Two Indians held for abetting them in money collection.
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Xioa YamaoWu (left) and Wu Yuanlun, the Chinese nationals arrested by Chennai Police for operating predatory instant loan apps illegally. Photo: Special Arrangement
Two Indians held for abetting them in money collection.
The Central Crime Branch of the Chennai Police has arrested two Chinese nationals in Bengaluru for operating predatory instant loan apps illegally.
They were accused of collecting exorbitant rates of interest by threatening and harassing those who had taken loans.
The police also arrested two Indians who were operating a call centre and abetting the Chinese nationals in collecting the money from debtors.