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Work news - be aware of the loan-passing apps quickly, RBI warned this | काम की खबर: जल्दी से लोन पास करनेवाली एप्स को लेकर सचेत रहें, आरबीआई ने दी ये चेतावनी
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Instant Loan Firms In Hyderabad Raided After Techie Commits Suicide Over Harassement Dec 22, 2020, 17:26 IST
HYDERABAD: On Monday, the city police raided offices of multiple instant loan firms. Due to the recent suicide case of Hyderabad techie, these raids were carried out. The software professional committed suicide after facing harassment from these instant loan companies.
Special teams were deployed who carried out simultaneous raids at four different offices. The offices were located at Gurugram and Hyderabad. The investigation revealed that the entire illegal operation was being carried out from Jakarta.
During the lockdown many such app based illegal instant loan companies grew rapidly. In the past week, the Hyderabad, Cyberabad and Rachakonda police received innumerable petitions and complaints by locals regarding harassment issues from these so called loan companies.
Call centres in city used as ‘soft reminders’
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This was the first stage of the ‘bucket’ method used to recover amount
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This was the first stage of the ‘bucket’ method used to recover amount
Call centres of app-based instant loan companies operating from Hyderabad were primarily used for soft reminders for a couple of days when the payment cycle fires.
This was the first stage of the ‘bucket’ method practised by the online micro financing companies to recover the loan amount from defaulters.
Three-tier architecture
The recovery operation is a three-tier architecture with levels ranging from ‘soft, hard, and raw’ reminders.
Cops raid instant loan app offices in Gurugram-Hyderabad : गुरुग्राम और हैदराबाद में इंस्टेंट लोन ऐप के जरिए गोरखधंधा
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‘Chinese national set up operations in city’
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Probe on to identify her role in the fraud
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Probe on to identify her role in the fraud
Hyderabad police have leads on a Chinese national coming to the city to set up his operations on app-based instant loan companies with local businessmen with a promise of high profits sharing.
Having his base in Gurugram, the Chinese national got two or three loan apps to recover call centres set up in Hyderabad and have overseen the operations of the existing centres.
“We have a lead about a Chinese national visiting Hyderabad two or three months ago to set up new centres here and going back to his country,” Commissioner of Police Anjani Kumar said.
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