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Scams, terror, and national security: Problems with Chinese microloan apps in India The pandemic, accompanied by job loss and pay cuts, has made many Indians even more desperate than they normally were for loans. This has made them easy targets for spurious loan apps whose origins lie across the border. January 29, 2021 05:07 GMT (21:07 PST) | Topic: Innovation Technology has become a great enabler but it can also be a killer. In this case, it has literally proven so for India s lower-income residents, thanks to unscrupulous Chinese operators who have used spurious loan apps and hired Indian underlings to bilk the most vulnerable. ....
আন্তর্জাতিক আর্থিক জালিয়াতদের আঁতুর ঘর চীন bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.
Growing warnings of a Wall Street bubble As Wall Street climbs to new record highs on the belief that massive support from the Fed will continue virtually indefinitely, there are warnings from some within the financial oligarchy that the bubble is heading for a collapse. The year began with a note from long-time financial investor Jeremy Grantham that Wall Street was heading into the final stages of a bubble as exemplified by the “market craziness” that has seen Tesla shares rocket by more than 700 percent since last March. This warning has been joined by others. The head of the hedge fund Baupost Group, Seth Klarman, sent a letter to clients earlier this month, cited by the ....
India Arrests Chinese Man Amid Raids on Companies Running 11 Small Loans Apps December 27, 2020 Updated: December 28, 2020 NEW DELHI India arrested on Dec. 25 a Chinese man who managed companies that operated at least 11 apps offering small loans at extremely high interest rates to Indian people between the ages of 20 and 40. Experts see the potential for the regime in Beijing to gather large amounts of data on Indian citizens through the apps, and for this data to be used to infiltrate Indian society, politics, and economic system. Yi Bai (alias Dennis) was arrested by cyber police in Hyderabad during a raid on a call center, for illegally running money-lending mobile applications, Indian media outlet DNA reported on Dec. 26. ....