75 cases registered against loan app organizers in Andhra Pradesh – The New Indian Express

By Express press service

VIJAYAWADA: Director General of Police (DGP) Kasireddy Rajendranath Reddy said a total of 207 bogus or unauthorized instant loan applications were operating in the state. Among them, 173 have been removed from Google Play Store.

Speaking to the media at Mangalagiri Police Headquarters on Friday, the DGP said six incidents of suicide following harassment from loan app organizers and 75 cases were recorded across the state in the past two months. .

He said police had arrested 71 people in connection with loan applications. The DGP said the defendants operated from Delhi, Maharashtra, Rajasthan, Madhya Pradesh, Gujarat, Telangana and Tamil Nadu.

Rajendranath Reddy also posted a poster on the dedicated toll-free number 1930 to register complaints related to loan applications and urged the public not to take extreme measures due to harassment and other financial issues.

Explaining the measures taken by the police to prevent gullible people from falling prey to loan sharks, the DGP said a meeting had been called with bankers and network providers seeking their support in controlling the circulation of targeted links and monitoring and alerting the police to auspicious inactive transactions. and obsolete bank accounts.

“We are contacting the Google Play Store and other providers to remove malicious mobile apps. Strict action will also be taken against app developers. We have noticed that some inactive bank accounts have reported a sudden flow of cash. Vigilance will be maintained on these suspicious accounts. Bankers and service providers should expand their cooperation by tightening KYC requirements and regularly inspecting obsolete bank accounts and alerting the police at the earliest. This will help in tracing the accused and recovering the money they have stolen from the public. By lending small sums, the organizers of the loan application collect three times the disbursed amount. They threaten the borrower with transformed obscene photos and videos. This leads to depression and suicides,” added the DGP.

He further stated that an SOP booklet has been developed to explain investigative techniques when handling such cases. “All police stations will receive training manuals and training sessions will also be organized for investigators,” he added. .

“The accused will be charged under sections 384 (extortion), 406 (criminal breach of trust), 420 (cheating), 306 (incitement to commit suicide), 504 (insults or provocation or intent or knowledge that it is likely that ‘such provocation causes public disorder), 506 (criminal intimidation), section 67 of the Prevention of Money Laundering Act and relevant sections of the AP Money Lenders Act’, senior cops said “During our investigation, it was discovered that the defendant transferred the amount to Chinese companies via cryptocurrency and PayTm. We managed to freeze 10.5 crores in the accounts of the defendants,” he added.

The DGP further called on the public not to borrow loans from unregistered loan apps and urged to report harassment by loan app organizers by dialing the cyber crime number 1930 or dialing 100. “We urge the public not to resort to any kind of extreme measures. The police department is committed to the safety and security of the public,” the DGP said.

VIJAYAWADA: Director General of Police (DGP) Kasireddy Rajendranath Reddy said a total of 207 bogus or unauthorized instant loan applications were operating in the state. Among them, 173 have been removed from Google Play Store. Speaking to the media at Mangalagiri Police Headquarters on Friday, the DGP said six incidents of suicide following harassment from loan app organizers and 75 cases were recorded across the state in the past two months. . He said police had arrested 71 people in connection with loan applications. The DGP said the defendants operated from Delhi, Maharashtra, Rajasthan, Madhya Pradesh, Gujarat, Telangana and Tamil Nadu. Rajendranath Reddy also posted a poster on the dedicated toll-free number 1930 to register complaints related to loan applications and urged the public not to take extreme measures due to harassment and other financial issues. Explaining the measures taken by the police to prevent gullible people from falling prey to loan sharks, the DGP said a meeting had been called with bankers and network providers seeking their support in controlling the circulation of targeted links and monitoring and alerting the police to auspicious inactive transactions. and obsolete bank accounts. “We are contacting the Google Play Store and other providers to remove malicious mobile apps. Strict action will also be taken against app developers. We have noticed that some inactive bank accounts have reported a sudden flow of cash. Vigilance will be maintained on these suspicious accounts. Bankers and service providers should expand their cooperation by tightening KYC requirements and regularly inspecting obsolete bank accounts and alerting the police at the earliest. This will help in tracing the accused and recovering the money they have stolen from the public. By lending small sums, the organizers of the loan application collect three times the disbursed amount. They threaten the borrower with transformed obscene photos and videos. This leads to depression and suicides,” the DGP added. He further stated that an SOP booklet has been developed to explain the investigative techniques when dealing with such cases. “All police stations will receive training manuals and training sessions will also be organized for investigators,” he added. . “The accused will be charged under sections 384 (extortion), 406 (criminal breach of trust), 420 (cheating), 306 (incitement to commit suicide), 504 (insults or provocation or intent or knowledge that it is likely that ‘such provocation causes public disorder), 506 (criminal intimidation), section 67 of the Prevention of Money Laundering Act and relevant sections of the AP Money Lenders Act’, senior cops said “During our investigation, it was discovered that the defendant transferred the amount to Chinese companies via cryptocurrency and PayTm. We managed to freeze 10.5 crores in the accounts of the defendants,” he added. The DGP further called on the public not to borrow loans from unregistered loan apps and urged to report harassment by loan app organizers by dialing the cyber crime number 1930 or dialing 100. “We urge the public not to resort to any kind of extreme measures. The police department is committed to the safety and security of the public,” the DGP said.

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