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LOANS VIA APP: International cyber-crime gang busted by Warangal police


Updated Dec 28, 2020, 4:23 am IST
Gang-members were taken into custody in Bengaluru and brought to Jangaon
 Commissioner of Police P Promod Kumar said Erick Penglu of China who came on a business visa to India last year created four instant financing apps in association with Padra Binda Ray of Odisha (Representational Image)
WARANGAL: The cybercrime unit of the Warangal Commissionerate and the Jangaon Police jointly busted a five-member international gang luring people with easy loans via instant loan apps. Three of them were arrested while a search is on for two main accused.
Commissioner of Police P Promod Kumar said Erick Penglu of China who came on a business visa to India last year created four instant financing apps in association with Padra Binda Ray of Odisha. ....

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Three arrested for app-based loans in Warangal


Chinese national, believed to be the kingpin, is absconding
Warangal police on Sunday busted a gang operating mobile phone loaning app and arrested three persons in Bengaluru.
A Chinese national Erik Penglu, kingpin in the case, and another accused Padra Binda Ray are still at large. The three arrested, Debashish Das, B.R. Sanjay and Santosh Kumar Nayak, were brought from Benglauru to Warangal. They were presented before a local court there and remanded in judicial custody.
The arrested trio working in Bengaluru-based Shine Bey Technology private limited admitted to police that the Chinese national colluded with them to make the mobile loaning app to make a fast buck. They prepared mobile loaning apps and uploaded them on Google Play Store. They used to post ads about the apps named Fast Credit, Loan Pro and Smart Rupee on social media platforms, offering instant loans to netizens. ....

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