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Green light given for class action lawsuit against 'loan' websites that scammed South Africans - Vimarsana News

Green light given for class action lawsuit against 'loan' websites that scammed South Africans

As many South Africans cannot afford legal services, university law clinics mae a significant contribution to improving legal access.

Blacklisted loan apps return in a new avatar - Vimarsana News

Blacklisted loan apps return in a new avatar

Cyber crime cops urge victims to lodge complaints

Chinese national behind instant loan apps fraud arrested by Hyderabad police - Vimarsana News

Chinese national behind instant loan apps fraud arrested by Hyderabad police

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...

Chinese national among 4 held in Hyderabad in loan apps scam - Vimarsana News

Chinese national among 4 held in Hyderabad in loan apps scam

Chinese national among 4 held in Hyderabad in loan apps scam By IANS|   Published: 26th December 2020 6:54 am IST Hyderabad, Dec 25 : A Chinese national was among four people arrested by Cyberabad police on Friday during a raid on a call centre in Hyderabad in the continuing crackdown on illegal loan apps. Cyber crime police of Cyberabad raided Cubevo Technology Private Ltd’s (Skyline) call centre and arrested four employees — Chinese national Yi Bai alias Dennis, Satya Pal Khyalia, Aniriddh Malhotra (both natives of Rajasthan) and Murathoti Richie Hemanth Seth of Andhra Pradesh. Cyberab...

Source: siasat.com
Explained: What is the instant loan apps case? How were the victims lured? - Vimarsana News

Explained: What is the instant loan apps case? How were the victims lured?

Explained: What is the instant loan apps case? How were victims lured? It is a racket in which instant personal loans are offered through mobile apps at exorbitant interest rates by unauthorised lenders. Written by Sreenivas Janyala , Edited by Explained Desk | Hyderabad | Updated: December 31, 2020 1:28:44 pm Of the numerous apps that are available on Google PlayStore, most do not have any tie-up with any banks or Non-Banking Financial Institutions. A woman employee of Telangana Agriculture Department and a software engineer died by su...