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How Chinese companies used Indians to make 1,300 crore in a year - all from behind curtains


China sanctions Trump officials soon after Biden takes office.
A month after the Telangana Police began the crackdown on illegal instant loan apps following the suicide by five persons, the investigation showed a deeper Chinese link to the scam. The Telangana High Court on Thursday directed the Director-General of Police to take immediate steps to block illegal instant loan apps. In the last month, more than 30 accused including four Chinese nationals were arrested by Hyderabad, Cyberabad, and Rachakonda police, the three commissioners which cover Greater Hyderabad. But that might just be a tip of an iceberg.
An investigative piece by The Morning Context has revealed a shocking China link that goes beyond backing predatory loan apps. A non-bank fintech lender (NBFC) has made the headlines for all the wrong reasons. PC Financial Services Pvt. Ltd, based out of Gurugram, has a face of Indian management, when in fact nothing is moved without the approval of Chinese heads - wh ....

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