Chinese link established in loan app scams, 4 arrested Agencies
Hyderabad: A month after the Telangana Police began the crackdown on illegal instant loan apps following suicide by five persons the investigation has revealed a deeper Chinese link to the scam. The police have taken into custody at least four Chinese nationals for running the illegal apps. The police after arresting the four are also probing the role of some other Chinese nationals. In the latest incident, Cyberabad police arrested three persons in connection with instant personal loan apps January 22.
Those arrested are Hemanth Kumar Jha, director of Flash Cash Pvt limited, Gurgaon, V Manjunath, HR Manager at Juss IT Technologies Pvt Ltd, Bangalore and Abdul Lauk, Manager/Team leader at TGHY Trust Rock Pvt Ltd. These arrests were made during the investigations into the suicide of one G Chandra Mohan (38). He had taken Rs 70,000 loans from 11 different apps. “He repaid Rs 2,00,000 to these apps in