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Hyderabad: In the continuing crackdown against the dubious instant loan apps cheating and harassing people, the cyber crime wing of Hyderabad police has arrested a Chinese national who was trying to escape from the country. 27 year old Zhur Wei alias Lambo was arrested at the Delhi airport almost a week after raids across many cities in India exposed a massive fraud and extortion running into several billions dollars which was transferred out of the country in the form of bitcoins. Arrest of Lambo, who hails from Xiangxi province, has taken the criminal investigations by the police of Telanga...

Online Money Lending Scam: Hyderabad Police Freeze Bank Accounts Dec 24, 2020, 13:39 IST In a recent development in the online money lending scam, police have frozen 75 bank accounts. These accounts had a total of ₹423 crore in it. These scammers were operating through mobile apps that are not even approved by the Reserve Bank of India (RBI).   There were a total of 30 apps running their operations in 4 offices. The employees were responsible for calling and luring in potential borrowers. After a person has borrowed money, he was pressured into paying back in as less as a week’s t...

Telangana Police crack down on instant loan apps, 17 arrested ​ By IANS | Published on ​ Wed, Dec 23 2020 0:12 IST | ​ 0 Views Harassment by loan apps claims two lives in Telangana. Image Source: IANS News Hyderabad, Dec 23 : In a crackdown on instant personal loan apps, Telangana Police arrested 17 people in raids conducted in Hyderabad and Gurugram. While Hyderabad police arrested 11 people in raids in Hyderabad and Gurugram, remaining were taken into custody by Cyberabad police during raids in Hyderabad. The action came after three persons committed suicide due to harassment by ...