Immigration Bureau issues lookout for Chinese national – The New Indian Express

By Express press service

BHUBANESWAR: The Bureau of Immigration on Tuesday issued a surveillance circular against a Chinese national Liu Yi in connection with a false loan application case filed by the Economic Offenses Wing (EOW) of the Odisha Police .

EOW officials said that the accused used to run several illegal digital loan applications such as Koko loan, Jojo loan, Gold cash loan, Little borrow loan, Kredit bear, the Silver kredit loan and the Xpress loan, etc. to trick people and extort money from them. One of these apps has had about 1.5 lakh downloads.

While the Chinese mastermind of the scam is missing, the EOW has already arrested five of its Indian accomplices. Investigators are in contact with police in other states and EOW has frozen 6.57 crore in bank accounts that were used for applications following raids in Delhi, Mumbai and Bangalore.

The scammers usually target needy people, especially those in the lower middle class who need small loans and loans credited in the range of Rs 3,000 to 10,000 through these apps directly to their bank accounts.

In the process, they stole all the sensitive data and contact details of loaned people for extortion purposes. DIG (EOW) Jai Narayan Pankaj said more than 100 such complaints had been received in the state.

BHUBANESWAR: The Bureau of Immigration on Tuesday issued a surveillance circular against a Chinese national Liu Yi in connection with a false loan application case filed by the Economic Offenses Wing (EOW) of the Odisha Police . EOW officials said that the accused used to run several illegal digital loan applications such as Koko loan, Jojo loan, Gold cash loan, Little borrow loan, Kredit bear, the Silver kredit loan and the Xpress loan, etc. to trick people and extort money from them. One of these apps has had about 1.5 lakh downloads. While the Chinese mastermind of the scam is missing, the EOW has already arrested five of its Indian accomplices. Investigators are in contact with police in other states and EOW has frozen 6.57 crore in bank accounts that were used for applications following raids in Delhi, Mumbai and Bangalore. The scammers usually target needy people, especially those in the lower middle class who need small loans and loans credited in the range of Rs 3,000 to 10,000 through these apps directly to their bank accounts. In the process, they stole all the sensitive data and contact details of loaned people for extortion purposes. DIG (EOW) Jai Narayan Pankaj said more than 100 such complaints had been received in the state.

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