EOW arrests Gurgaon-based chartered accountant in illegal digital loan app case

Bhubaneswar: Economic Offenses Wing (EOW) of Odisha Police arrested a Chartered Accountant identified as Neerav Gupta alias Raman, a resident of Huda, Gurgaon on 30.07.2022 from Paschim Vihar, West Police Station Area

After his arrest, the accused was brought before the Metropolitan Court of Tis-Hazari Court in New Delhi. Today the accused was brought before Hon’ble SDJM, Bhubaneswar after being remanded in custody.

EOW PS Case No.13 dt.02.07.2022 u/s294/384/420/467/468/471/120-B IPC, r/w Sec.66 (D) IT Act, 2000 was registered based on the report submitted by Smt. Pranati Senapati, Inspector, EOW, who was investigating an allegation by Shri Sakti Prasad Dash of Bhubaneswar of harassment/extortion/mental torture by recovery agents of digital lending app “Kredit Gold” by texting humiliating / abusive / altered photographs, etc.

The investigation reveals that Sakti Prasad Dash, after downloading the loan application “Kredit Gold”, received an instant loan of Rs 9,000 which was credited to his account. However, after 4 days he received WhatsApp messages and calls to refund Rs 15,627.

Subsequently, he received calls and messages from different mobile numbers which were traced to the number of a company, namely M/s Good Start Business Pvt. Ltd., whose director is Nitin Malik, previously forwarded in this matter.

Taking the lead from Nitin Mallik, the current defendant Neerav Gupta has been arrested. It has been established that the accused Neerav Gupta is a chartered accountant. It opened a good number of shell companies purposely to be used by Chinese nationals to facilitate the cash transaction related to digital loan apps.

In return, he received huge amounts of money from the Chinese people through Nitin, directly from China, and through the Alipay QR code.

The following shell companies were opened by the accused Neerav Gupta:-

  • Cramlington Technology Private Limited
  • TODDLER Technology Private Limited
  • Tax Doller Technology Private Limited
  • Knight Angel Technology Private Limited
  • Rose Island Technology Private Limited

In addition to the above, Defendant Neerav Gupta opened the following OPCs for the use of Chinese nationals in digital lending:-

  • Rohit Smart Soft
  • Jagdish Smart Soft
  • Kamlasingh

He received Rs.30 lacs from Chinese nationals for selling the above shell companies to facilitate loan app business. He not only registered shell companies, but also organized company directors for nominal pay. It is suspected that this international gang carries out at least 10 of these illegal loan requests.

It is worth mentioning here that there are more than one Lakh downloads of “Kredit Gold APP” alone. If we include all APPs, there would be thousands of victims across the country including from Odisha.

Numerous incriminating documents like a laptop, two mobiles, 11 shell company seals, 5 digital signature certificate tokens, 4 checkbooks of four shell companies and many incriminating cats available in his laptop and phones were recovered , collected and seized from the accused Neerav Gupta.

The accused works for Chinese people who have regular contact with them and is responsible for lending/collecting the loan amount in India. He is also wanted by different law enforcement agencies in India. The investigation is ongoing, the EOW said in a press release.

EOW Notice on Illegal Loan Apps

In order to contain these types of crimes and raise public awareness, the public are hereby advised/requested not to take loans from unregistered/illegal loan apps available on the internet and playstore as apps under the guise of advancing a loan, accessing/hacking into all customer phone information, which can then be used by the company to perpetrate another financial crime.

These loan apps also harass the customer by not only charging high rate of interest but in case of non-repayment harasses the customer by sending obscene and processed pornographic photographs and indecent depiction of the customers to their contact list.

Therefore, in case of non-repayment of the loan, the consequences should be borne not only by the client but also by his family members and friends/contacts. Many times the money is also credited right after downloading the APP without actually requesting/requesting money.

In some states, many people have committed suicide by being permanently blackmailed/humiliated by the debt collectors of these illegal loan APPs. Not only the borrowers but also their family members are also harassed. All are advised to avoid downloading/using these illegal lending apps.

Even if someone has already downloaded/borrowed, they should not give up/tolerate the abusive/harassing behavior/torture, but rather report the matter to the police. And under no circumstances should they take extreme measures like committing suicide.

Advisory-

  1. Please do not give your documents for opening bank accounts to be operated by someone else and do not allow anyone to use your SIM card to be used by someone else. These things can be used for illegal purposes.
  2. Please do not surrender to the abusive / torturous method of the debt collectors of these loan application companies. Report the problem to the local police.

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