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Chinese loan app case: ED files chargesheet against Razorpay, others

The money laundering case of the ED stems from multiple FIRs of the Bengaluru Police CID which were filed based on complaints received from various customers ....

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Chinese app ban: Centre moves to ban 138 betting apps, 98 loan lending apps with China connection

In a major move against Chinese applications, the Centre has planned to ban as many as 138 betting apps and 98 loan lending apps connected to China. ....

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Centre to Ban 138 Betting Apps, 94 Loan Lending Apps With Chinese Links

The action behind the move is based on several complaints of extortion and harassment of common people who had availed small amounts of loans through the mobile apps being run by those entities and persons. ....

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Centre bans over 200 Chinese loan and betting apps; cites debt traps, national security [details]

As per sources, these apps are used to trap financially strapped people in a debt trap, by increasing their interest on loans up to 3,000 per cent. ....

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Coordinated efforts taken to contain Chinese loan apps, says Nirmala Sitharaman in Rajya Sabha

Responding to a zero-hour issue raised by a Trinamool Congress MP, she said action has been taken against apps that are cheating people by offering loans. ....

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