INSUBCONTINENT EXCLUSIVE:
WARANGAL: The cybercrime unit of the Warangal Commissionerate and the Jangaon Police jointly busted a five-member international gang luring
people with easy loans via instant loan apps
Three of them were arrested while a search is on for two main accused.Commissioner of Police P Promod Kumar said Erick Penglu of China who
came on a business visa to India last year created four instant financing apps in association with Padra Binda Ray of Odisha.The gang opened
an office in Bengaluru in the name of Shine Bay Technologies India Pvt Ltd and started financing gullible people through their apps with
customers by charging exorbitant interest rates
The gang used to send abusive messages to customers besides labeling them as defaulters
through their app.The police started a probe after one Bandaru Srinivas of Jangaon lodged a complaint on December 18
Srinivas secured a loan of Rs45,000 through the app
under the supervision of West Zone DCP Srinivas Reddy.Three of the gang-members were taken into custody in Bengaluru and brought to Jangaon
Two laptops, three cell phones and SIM cards were seized from them
A manhunt has been launched for arrest of Erick Penglu and Padra Binda Ray.The commissioner praised the team of Jangaon Inspector
Malleshwar, cybercrime inspector Janardhan Reddy, cyber SI Ravi Kumar, Sathish, assistant analytical officer Prashanth etc for cracking the
