Nation

Loan app fraud: Chennai police nab two Chinese nationals from Bengaluru

Chennai: The arrests were made in Bengaluru following a couple of suicides in the state after borrowers were unable to tolerate the harassment for not paying exorbitant interests.

Those arrested have been identified as S Pramoda (28) of Doopanahalli, C R Pavan of Chikkanahally in Karnataka, Xia Ya Mau (38) and Yuvan Lun (28). Police said that the accused had employed more than 100 men in call centres to make abusive calls to retrieve the loans offered through a dozen of micro-lending mobile phone applications. Their phones and laptops have been confiscated.

“The employees were paid Rs 8,000 monthly and were given a target of at least 10 loan retrievals per day,” said a senior official of the Central Crime Branch.

Two more suspects — Chinese nationals Hong and Wandish, both — fled to Singapore two weeks ago and are suspected to be the kingpin behind the racket. 

According to the police, Pramoda and Pavan came across an advertisement by the Chinese gang on Naukri website to setup a call centre in Bengaluru. The duo approached them and agreed to a deal.

“The men in Bengaluru had to register the company and recruit callers, while the Chinese nationals supplied the money,” said the officer.  

Although the accused told the police that most of the micro-lending apps were developed by one Nutham Ram, officers suspect that the apps must have also been developed by Chinese nationals in a way to get access to the contacts and galleries of borrowers.  

“It is not clear where the money comes and where the money retrieved from borrowers are going. Also, the concept of micro-lending apps became popular only after the lockdown came into effect due to COVID-19. Further investigation is underway,” said the officer.

Pramoda and Pavan set up the call centre in Bengaluru
In a similar incident, the Hyderabad police too have arrested a Chinese national among 16 others in connection with the loan app fraud. At least 27 cases have been registered following at least three suicides over a month. But, the Central Crime Branch police have registered one case based on a complaint by one Ganesan of Vengaivasal and four more similar complaints have been forwarded to CCB from Adyar police districts. Each district might have registered cases separately, said the police.  

Lure of micro-lending apps The complainant Ganesan came to know about the micro-lending apps through social media and borrowed Rs 5,000 using it. While he got Rs 3,500 after Rs 1,500 was deducted as interest for a week, he was unable to settle the loan by paying Rs 5,000 within a week. So, every week, he had to pay Rs 1,500 as interest. Ganesan ended up borrowing from similar apps. As the loan sum mounted, the apps increased the interest by 2 per cent for every Rs 100 per day. When he could not repay the loan, he started getting abusive calls from the lenders. His relatives also started getting calls enquiring about Ganesan. This indicated that the apps granted access to the borrowers’ contacts. “This is nothing but modern mode of usury and all non-bank financial institutions should be controlled,” said a senior officer.

Apps handled by Bengaluru-based call centre

  • M Rupee
  • My Cash
  • Aurora Loan
  • Quick Loan 
  • Dmoney
  • Rapid Loan
  • Eazy Cash
  • New Rupee
  • Rupee Loan
111 Comments

111 Comments

  1. Pingback: SpyToStyle

  2. Pingback: Leandro Farland

  3. Pingback: future university

  4. Pingback: cage musculation extérieur

  5. Pingback: reputation defenders

  6. Pingback: future university egypt

  7. Pingback: future university

  8. Pingback: جامعة المستقبل

  9. Pingback: fue

  10. Pingback: future university

  11. Pingback: Assignment Help USA

  12. Pingback: Click Here

  13. Pingback: Click Here

  14. Pingback: Click Here

  15. Pingback: grand rapids teeth whitening

  16. Pingback: https://gquery.org/

  17. Pingback: Click Here

  18. Pingback: Click Here

  19. Pingback: Click Here

  20. Pingback: cheap-premium-domains

  21. Pingback: Porno star Australia

  22. Pingback: reputation defenders

  23. Pingback: 2023 Books

  24. Pingback: find people

  25. Pingback: census records

  26. Pingback: how to bet on football and win

  27. Pingback: NCNU

  28. Pingback: Community engagement

  29. Pingback: Business administration program Egypt

  30. Pingback: Social Media Program

  31. Pingback: مواد كلية الصيدلة

  32. Pingback: علاج التقويم

  33. Pingback: industrial partnerships to train college students Engineering

  34. Pingback: برامج البكالوريوس في جامعة المستقبل

  35. Pingback: Entrepreneurship and innovation programs in Egypt

  36. Pingback: قبول الطلاب الدوليين في جامعة المستقبل

  37. Pingback: جراحة الأسنان التعليم

  38. Pingback: https://www.kooky.domains/post/reduced-risks-of-cyber-attacks-with-web3-domains

  39. Pingback: Higher education in public administration

  40. Pingback: Economic Internship

  41. Pingback: fue contact

  42. Pingback: Dental specialties training

  43. Pingback: مشاريع الطلاب

  44. Pingback: grading system

  45. Pingback: best university in egypt

  46. Pingback: برامج الدراسات العليا لطب الأسنان

  47. Pingback: رسوم التقديم لجامعة المستقبل

  48. Pingback: Application fee for future university

  49. Pingback: Maillot de football

  50. Pingback: Maillot de football

  51. Pingback: Maillot de football

  52. Pingback: Maillot de football

  53. Pingback: Maillot de football

  54. Pingback: Maillot de football

  55. Pingback: SEOSolutionVIP Fiverr

  56. Pingback: SEOSolutionVIP Fiverr

  57. Pingback: led controsoffitto

  58. Pingback: cage de crossfit

  59. Pingback: fiverrearn.com

  60. Pingback: 3pl Broker

  61. Pingback: fiverrearn.com

  62. Pingback: puppies french bulldog

  63. Pingback: french bulldog puppies texas

  64. Pingback: seo in Malaysia

  65. Pingback: Piano Packaging Services

  66. Pingback: Private universities in Egypt

  67. Pingback: Private universities in Egypt

  68. Pingback: golf cart isla mujeres

  69. Pingback: isla mujeres rental

  70. Pingback: mini french bulldog for sale

  71. Pingback: vietnam visa for us citizens

  72. Pingback: mini blue french bulldog

  73. Pingback: french bulldog puppies for sale tx

  74. Pingback: Customised bracelet with name

  75. Pingback: top Samsung phones

  76. Pingback: future university

  77. Pingback: future university

  78. Pingback: future university

  79. Pingback: future university

  80. Pingback: frenchie puppies

  81. Pingback: fue

  82. Pingback: Piano refurbishment

  83. Pingback: Professional piano services

  84. Pingback: Specialized moving services

  85. Pingback: Efficient moving

  86. Pingback: Training Philippines

  87. Pingback: Media

  88. Pingback: pupuk organik terbaik

  89. Pingback: pupuk organik

  90. Pingback: partners

  91. Pingback: brain supplements

  92. Pingback: كم كلية سياسة واقتصاد في مصر

  93. Pingback: live sex cams

  94. Pingback: live sex cams

  95. Pingback: Private University Yemen

  96. Pingback: Scientific Research

  97. Pingback: Kampus Islam Terbaik

  98. Pingback: FiverrEarn

  99. Pingback: FiverrEarn

  100. Pingback: Generator sales Yorkshire

  101. Pingback: cheap sex cams

Leave a Reply

Your email address will not be published.

1 × four =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us