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Dummy directors, identical websites, lucrative rewards: The making of a Chinese betting shark Dummy directors, identical websites, lucrative rewards: The making of a Chinese betting shark Investigators reveal that upon downloading these loan apps and applying for a loan, the phone numbers of the borrowers/customers and their family members are instantly shared by the lending firm to their tele-callers and loan agents. Defaulters are threatened with messages containing fake FIR case numbers. advertisement UPDATED: January 15, 2021 12:40 IST Hundreds of complaints and several suicides have forced police in different cities to crack down on Chinese loan apps. (Getty Images) Hundreds of complaints and several suicides have forced police in different cities to crack down on Chinese loan apps. As investigators dug deep, they found that the same Chinese entities also ran several gambling and betting apps. Many, including some Chinese nationals, have also been arre ....
Explained: What is the instant loan apps case? How were victims lured? It is a racket in which instant personal loans are offered through mobile apps at exorbitant interest rates by unauthorised lenders. Written by Sreenivas Janyala , Edited by Explained Desk | Hyderabad | Updated: December 31, 2020 1:28:44 pm Of the numerous apps that are available on Google PlayStore, most do not have any tie-up with any banks or Non-Banking Financial Institutions. A woman employee of Telangana Agriculture Department and a software engineer died by suicide last week after they were humiliated and blackmailed by tele-callers and recovery agents of a mobile app instant loan company. Their personal details were posted by the company on social media and labelled them defaulters and used abusive language. ....
AP CID identifies 30 problematic loan apps, issues remedies By IANS | Published on Wed, Dec 23 2020 23:27 IST | 0 Views AP CID identifies 30 problematic loan apps, issues remedies.. Image Source: IANS News Amaravati, Dec 23 : In the light of some app-based lenders harassing a few debtors by deploying brutal recovery tactics, the Crime Investigation Department (CID) of Andhra Pradesh police has identified 30 such problematic instant digital loan apps on Wednesday and listed out the guidelines on how to tame them. The troublesome apps include QuickCash, Kissht, LoanCloud, InstaRupee Loan, Flash Rupee-Cash Loan, MasterMelon, Cashtrain, GetRupee, ePay Loan, Panda, iCredit, EasyLoan and RupeeClick. Others include OCash, Cashmap, Snapit, RapidRupee, ReadyCash, Loan Bazaar, Loanbro, Cash Post, Rupeego, Cash Port, RsRush Pro, Fortune Bag, Rupee Loan, Robocash, Cash TM, Udhaar Loan and Credit Free. ....