Telangana cops file chargesheet against Chinese apps » Scammer News

 Telangana cops file chargesheet against Chinese apps » Scammer News

The police investigation found Rs 21,000 crore was transferred from India to China through Indonesia.

The Hyderabad cyber crime police have filed a chargesheet in the instant loan app case, where Chinese nationals allegedly siphoned Rs 21,000 crore from several individuals, as loan recoveries. The Telangana police took up the investigation in December 2020 after six defaulters died by suicide due to alleged harassment by the loan app firms. The police had registered 30 separate cases and had accused 31 people and arrested 28 persons including three Chinese nationals in connection with the loan app fraud. The loan apps granted loans ranging from Rs 1,000 to a few lakh rupees to those in need with minimum KYC (Know Your Customer) requirements. 

They, however, levied high-interest rates and processing fees. The apps, once installed, gained access to all phone contacts, gallery and other sensitive information. Those who…

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