INSUBCONTINENT EXCLUSIVE:
HYDERABAD: The Cyberabad police busted an instant loan app fraud gang headed by a Chinese national by raiding a call centre here and the
city police followed this up with the arrest of four persons.The arrested were Yi Bai alias Dennis, Satyapal Khyalia, Aniruddh Malhotra, and
Murathoti Richie Hemanth Seth
Main accused Zixia Zhang and another accused Umapathi gave a slip to the cops
national and arrested him along with three others
Its head office was located in Delhi named Skyline Innovations Technologies India, registered at the Registrar of Companies,
Gurgaon.Cyberabad police commissioner V.C
Sajjanar said eight cases against loan apps were being investigated
they also charged a one per cent penalty
They even resorted to systematic abusing, harassing, and threatening of the defaulters through the call centres run by them.The accused even
blackmailed borrowers by sending fake legal notices to their relatives and family members.Police received the first complaint on December 17
alleging harassment of loan application handlers
The complainant stated that he had applied for a loan of `2,015 for seven days
and was advised to take an instant loan from their applications
On their advice, he took a total loan of `1.2 lakh from 28 instant loan applications
Tele-callers started making abusive and threatening calls and they also blackmailed him by sending legal notices.Police said it was not
clear whether these applications were connected to any NBFC
Police advised citizens seeking such loans to first go through the terms and conditions and verify the licences of the companies as to
whether they obtained permission for their business from RBI, district collector etc, and avoid downloading any app that seeks access to
in the HSR layout area in Bengaluru with 350 executives
have identified 42 applications relating to instant loans and also 350 virtual accounts/bank accounts as payment gateways
person in Rajendranagar, a victim
Another six accounts were seen linked to the suicide of the Siddipet suicide victim.
