Hyderabad Cybercrime Police to File Charge Sheets in Loan Application Cases

Published: Updated on – 23:07, Tue – 21 December 21

Hyderabad: The Hyderabad Cybercrime Police will soon file an indictment in a few other registered cases regarding Chinese Loan Application Fraud. A total of 28 cases have been registered by Hyderabad police and 22 people including Chinese nationals have been arrested in connection with fraud worth thousands of crore rupees.

“The indictment was filed in a few cases a few weeks ago. Around 3,000 bank accounts have been frozen after identifying him over a period of time,” an official from Hyderabad Cybercrime said.

Cybercrime officials are awaiting reports from the Forensic Science Laboratory (FSL) where they have submitted the seized laptops, cell phones and other gadgets to the suspects arrested in the case for analysis and data recovery from the gadgets.
“Once we get the content, we will submit it to the court with the indictment as evidence. Very soon, in a few more cases, tickets will be filed,” he said.

It can be recalled that some people had ended their lives after getting loans through the Chinese app due to the humiliation done publicly when the borrowers failed to repay the amount. Investigators discovered that the amount amounting to millions of rupees had been transferred to several bank accounts and later to bank accounts and other businesses in foreign countries.

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