Chinese national arrested in loan app fraud case indiagazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiagazette.com Daily Mail and Mail on Sunday newspapers.
Two including Chinese national held in loan app fraud case
By Mansoor| Published: 31st December 2020 11:55 pm IST
Hyderabad: Two persons, including a Chinese national have been arrested in a loan app fraud here, police said on Thursday.
The main accussed has been identified as Zhu Wei (Lambo), a 27-year-old from China. He was overall head of operations of the loan app being run by the companies Aglow Technologies Pvt Ltd, Liufang Technologies Pvt Ltd, Nabloom Technologies Pvt Ltd, Pinprint Technologies Pvt Ltd.
In addition, another individual by name K Nagaraju of Kurnool district was also arrested. He played a key role in the operation of call centres.
Police said the accused, Bittu Singh, wanted to marry the boy’s mother.
The Hyderabad police arrested three persons from Bengaluru on Friday as part of its ongoing
crackdownagainst digital lending platforms. Following the raids at Gurgaon and Hyderabad, the Cyber Crime police officials traced two call centers in the HSR Layout area of Bengaluru. These call centers employed 350 persons who harassed and humiliated clients who failed to repay loans.
As many as 27 cases are registered so far at Cyber Crime police station, Hyderabad. Dozens of similar cases are registered across the State and the investigation is ongoing. The police found 42 mobile applications used in offering instant microloans. All of them are being handled by four companies Liufang Technologies Pvt Ltd, Pin Print Technologies Pvt Ltd, Hotful Technologies Pvt Ltd., and Nabloom Technologies Pvt Ltd.
Call centres in Gurgaon, Hyderabad raided; staff were reporting to Indonesian handlers.
Share Via Email
| A+A A-
Hyderabad Police Commissioner Anjani Kumar on Tuesday addresses the media on the crackdown against unauthorised loan apps | VINAY MADAPU By Express News Service
HYDERABAD: Cracking down on the activities of illegal online loan apps fleecing innocent people, Hyderabad police arrested 11 persons and Cyberabad police arrested six persons, including a US returnee, on Tuesday. Police found that the arrested persons in Gurgaon and in the city were working under instructions from their handlers in Indonesia. The loan app organisers have been charging an exorbitant interest of up to 50 per cent per annum.