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.
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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 arrested in connection wi