January 2021

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Hyderabad: A month after Telangana police began cracking down on illegal instant loan applications following the suicide of five people, the investigation revealed a deeper Chinese connection to the scam.…

ANI | Update: 23 Jan 2021 12:47 STI Hyderabad (Telangana) Jan. 23 (ANI): Three people, including the director of an…

Hyderabad: Three people, all senior executives of companies that operated illegal online instant loan apps, were arrested by Cyberabad police on Friday in connection with the alleged suicide of Chandra Mohan, a supermarket employee who…

Three are from different companies that offer loans through mobile phone apps Three people, including the director of an application-based instant loan company, were arrested by Pet-Basheerabad police on Friday in connection with the…

Several complaints about fraud in online loan applications have been registered across Kerala.A special team from the state's criminal branch will investigate online loan application scams in Kerala. The team is headed by an IG rank…

Having enough savings is essential in order to manage your finances well. However, not everyone has readily available savings. When you need cash but don't have enough savings, getting a loan is the answer for you. You can either use a…

Nearly two months after the death of a soap opera author suicide due to alleged bullying by loan sharks on mobile apps, his family received threats about loans he either never took out or repaid in full. Charkop Police have now registered…

In their ongoing investigation into instant loan applications, Rachakonda police arrested another Chinese national on Wednesday. The 26-year-old Chinese national, identified as He. Jian, alias Mark, is from China's Jiangxi Province. He…

Police in Visakhapatnam town on Monday arrested a loan collector for playing a key role in the reported suicide of 25-year-old Mandava Ahalada from Gajuwaka. The arrest was identified as Goutham Mule, based in Pune, working as a loan…

Express news service KOZHIKODE: Cash-strapped Rohith (name changed) from Kozhikode borrowed 10,000 rupees from a Chinese app-based lender for six days in April last year. He had to repay Rs 21,000, including interest.…

A large percentage of instant loan applications have the same software backend, but a different frontend brand. Chinese investors then bring these applications to India with proxy administrators.Bhumana Prasad, a resident of Hyderabad,…

While tracing the contacts, the CCB team arrested S Manoj Kumar, SK Muthukumar who ran Azacus Techno Solutions Pvt Ltd, Jagadeesh, a distributor of Vodafone, and Sijahudeen, director of territory sales for Vodafone. Two Chinese nationals…

The ED has put under its scanner the alleged fraud cases of instant loan sanction via mobile applications, recently reported from Telangana and Tamil Nadu, as part of its investigation into money laundering in a betting scam in line set at…

HYDERABAD: The Directorate of Law Enforcement (ED) said on Sunday that it had registered a case of money laundering in the instant loan app fraud cases recorded by Telangana police so far . ED officials said it has taken over FIRs set…

The Chinese nationals ran the call center with the help of the two Indians. (Representative)New Delhi: The ED has put under its scanner suspected cases of instant loan sanction fraud via mobile apps, recently reported by…

₹ 21,000 crore involved in 1.40 cr. transactions The investigation into the harassment of borrowers by app-based instant lending companies widened with Hyderabad police enlisting financial experts and data analysts to dump massive…

HYDERABAD: Another person committed suicide in Hyderabad on Saturday, allegedly after being harassed by debt collectors from instant loan finance apps. G Chandramohan, 36, who worked in a warehouse, was found hanged at his home in…

Two Chinese nationals and as many Indian nationals have been arrested for allegedly operating instant loan apps in Chennai, police said on Saturday. The investigation, based on a complaint, found that the main defendant was operating from…

Hyderabad: A man committed suicide in Petbasheerabad in Hyderabad on January 2 after falling prey to fraudulent instant loan applications. Police said G. Chandra Mohan had taken almost Rs. 1 lakh from various instant micro-loan…

Hyderabad: It turns out that the majority of the victims of the loan application scam are well-educated individuals and IT professionals. Police said they wrote to Google urging it to remove 158 instant loan apps from the Google Play…