Network of 100+ Chinese loan apps busted, 22 held | India News
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NEW DELHI: In a massive operation spanning over two months, the intelligence fusion & strategic ops unit of Delhi Police has cracked down on a Chinese loan app network and arrested 22 people for allegedly extorting money on the pretext of giving instant loans through their applications.
The network consisted of over 100 malicious apps – which have now been blocked – being used to siphon off crores in different states and stealing people’s data. Chinese entities have been found directly involved, DCP KPS Malhotra said.
“Fifty one mobile phones, 25 hard disks and nine laptops containing voluminous data, 19 debit and credit cards, three cars and Rs 4 lakh cash had been recovered from the accused,” DCP Malhotra said.
The cops started probing after hundreds of complaints were received at the National Cybercrime Reporting Portal that instant loan applications were disbursing loans at exorbitant rates and forcing people to pay large sums of money even after repayment of the loan.
People who’d taken small loans ranging from Rs 5,000 to 10,000 were being forced to repay in lakhs. An analysis of application code, call details and financial examination revealed the network was spread across Delhi, Karnataka, Maharashtra, UP and other parts of the country.
The network consisted of over 100 malicious apps – which have now been blocked – being used to siphon off crores in different states and stealing people’s data. Chinese entities have been found directly involved, DCP KPS Malhotra said.
“Fifty one mobile phones, 25 hard disks and nine laptops containing voluminous data, 19 debit and credit cards, three cars and Rs 4 lakh cash had been recovered from the accused,” DCP Malhotra said.
The cops started probing after hundreds of complaints were received at the National Cybercrime Reporting Portal that instant loan applications were disbursing loans at exorbitant rates and forcing people to pay large sums of money even after repayment of the loan.
People who’d taken small loans ranging from Rs 5,000 to 10,000 were being forced to repay in lakhs. An analysis of application code, call details and financial examination revealed the network was spread across Delhi, Karnataka, Maharashtra, UP and other parts of the country.
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