Loan app – Kenke Pelicula http://kenkepelicula.com/ Thu, 25 Nov 2021 13:33:29 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://kenkepelicula.com/wp-content/uploads/2021/10/kenke.png Loan app – Kenke Pelicula http://kenkepelicula.com/ 32 32 What happens when you borrow money from an online loan app and you can’t pay it back https://kenkepelicula.com/what-happens-when-you-borrow-money-from-an-online-loan-app-and-you-cant-pay-it-back/ Thu, 25 Nov 2021 06:40:50 +0000 https://kenkepelicula.com/what-happens-when-you-borrow-money-from-an-online-loan-app-and-you-cant-pay-it-back/ Would you accept the terms they offer, such as your card details, means of identification and BVN? Once you do this, the money will be transferred to you in a matter of minutes. It sounds easy, but there are pitfalls if you are unable to repay the loan and the interest. This was the case […]]]>

Would you accept the terms they offer, such as your card details, means of identification and BVN?

Once you do this, the money will be transferred to you in a matter of minutes. It sounds easy, but there are pitfalls if you are unable to repay the loan and the interest.

This was the case with a person who took out a loan from one of the online loan sharks who learned the hard way about what happens when you don’t pay back.

Here’s what the person’s friend had to say:

“A friend of mine took out a loan on these online lending platforms. Their interest rates are generally 10 to 30%.

“Borrowers and lending platforms are always in battle when they default. The default fee is also high for the penalty. They call people’s phone contacts (because the app requires borrowers to give it access to their contacts).

“Once you are unable to pay when the repayment period is over, they hire loan collectors to charge you what you owe.

“They also report defaults to the credit bureau, provide their data so that they have little chance of taking out loans from a financial institution in Nigeria.

“With the use of BVN now, delinquent debtors can be blacklisted. They also ask you to link a bank card to them or provide your bank details, so that they have the right to continue to clear funds from your card whenever it is funded. “

“I mean loan collectors take care of it legally and keep calling them and their family / friends to make sure they’re paying.”

The dire economic situation in Nigeria has forced many people to resort to alternatives to ease their conditions.

And the tough lending conditions of traditional financial institutions have forced young Nigerians to increasingly turn to online loan sharks who have fewer barriers.

This is not without its own pitfalls, however, as non-repayment within the agreed timeframe can have very serious consequences, not only for their financial future, especially in a highly digital world, but also for their social image.

The inability to fully regulate the operations of these online platforms currently means that they are devising many crooked strategies to force repayment.

The whole concept of borrowing money is being able to pay it back.

If you can’t afford to repay, you better stay away from these online lending platforms.


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The IT department descends on the instant loan application company; Rs 500 crore in funds illegally transferred abroad, Telecom News, ET Telecom https://kenkepelicula.com/the-it-department-descends-on-the-instant-loan-application-company-rs-500-crore-in-funds-illegally-transferred-abroad-telecom-news-et-telecom/ Wed, 17 Nov 2021 16:17:00 +0000 https://kenkepelicula.com/the-it-department-descends-on-the-instant-loan-application-company-rs-500-crore-in-funds-illegally-transferred-abroad-telecom-news-et-telecom/ A fintech company that provided instant loans through a mobile app was found to have repatriated “non-genuine” funds of Rs 500 crore overseas, the CBDT said on Wednesday. The information was gathered by the Income Tax Department after raiding the company in Delhi and Gurgaon (Haryana) on November 9. “During the search, it was revealed […]]]>
A fintech company that provided instant loans through a mobile app was found to have repatriated “non-genuine” funds of Rs 500 crore overseas, the CBDT said on Wednesday. The information was gathered by the Income Tax Department after raiding the company in Delhi and Gurgaon (Haryana) on November 9.

“During the search, it was revealed that the company allegedly charged very high processing fees when the loans were disbursed.

“This translates into a higher indemnification burden for borrowers,” the Central Commission on Direct Taxes (CBDT) said in a statement.

He said the company is owned by a group based on Cayman Island, ultimately “controlled by an individual from a neighboring country.”

“The company brought nominal initial capital to India through foreign direct investment (FDI), but has taken out substantial working capital loans from Indian banks.

“The business model of the company results in a high turnover of capital, as evidenced by the turnover of Rs 10,000 crore in its first year of operation,” he said.

The CBDT, which oversees the department’s policy, said it was found that the company had repatriated around Rs 500 crore to its overseas group companies under the pretext of purchasing services in two years.

“However, the evidence gathered during the search revealed that these remittances to group companies are either heavily inflated or unauthentic.”

“The evidence found also indicates that the internal web application for lending activities was controlled from outside India,” he said.

The department also recorded statements from key individuals, including foreign nationals.


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Kopakash mobile loan application; how to download, register and apply https://kenkepelicula.com/kopakash-mobile-loan-application-how-to-download-register-and-apply/ Fri, 12 Nov 2021 08:00:00 +0000 https://kenkepelicula.com/kopakash-mobile-loan-application-how-to-download-register-and-apply/ Kopakash is a digital lending platform, which charges service fees based on the product you choose, which is used for credit score assessment, account management, and payment fees. KopaKash can provide a quick loan to help anyone in Kenya who needs cash to expand their business, pay school fees, buy things, or fund any other […]]]>

Kopakash is a digital lending platform, which charges service fees based on the product you choose, which is used for credit score assessment, account management, and payment fees.

KopaKash can provide a quick loan to help anyone in Kenya who needs cash to expand their business, pay school fees, buy things, or fund any other emergency.

One can avail loan amount ranging from KSh 1000 to KSh 50,000 and the repayment period is from 91 days to 120 days.

Why lend at KopaKash?

  • No credit history required
  • Paperless and digital process on your mobile
  • Get 7/24 access to lending anytime, anywhere
  • Quick exam in 30 minutes
  • Pay into your bank or M-PESA account directly in 5 minutes once approved
  • Available throughout Kenya
  • As the credit score increases, the loan amount gradually increases
  • Variety of convenient repayment methods (Lipa na Mpesa and Bank)

Eligibility:

  • Kenya resident
  • 18-60 years
  • has a source of monthly income.

How to register on Kopakash

  • Install the KopaKash app from the Play Store or click here to install
  • Register with your M-PESA phone number.
  • Select the product for which you wish to apply.
  • Fill in your basic information and upload your KYC documents, then submit the request.
  • The final result of the application will be displayed in the APP and sent by SMS if approved.
  • E-sign the loan agreement after approval.
  • After the E sign, the approved loan

Kopakash contacts and email

If a customer has any comments, questions, or concerns, email kopakash at cs@kopakash.com


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17-year-old launches home loan app for sanitation workers with BMC https://kenkepelicula.com/17-year-old-launches-home-loan-app-for-sanitation-workers-with-bmc/ https://kenkepelicula.com/17-year-old-launches-home-loan-app-for-sanitation-workers-with-bmc/#respond Wed, 27 Oct 2021 12:41:36 +0000 https://kenkepelicula.com/17-year-old-launches-home-loan-app-for-sanitation-workers-with-bmc/ The Clean-Up Foundation, an NGO, today launched a home loan app that will help sanitation workers get information on organized housing finance options and calculate their eligibility, Equivalent Monthly Payments (EMI) , etc. in 4 very simple steps, based on their income. The app was officially launched by Suresh Kakani, Additional Commissioner of BrihanMumbai Municipal […]]]>

The Clean-Up Foundation, an NGO, today launched a home loan app that will help sanitation workers get information on organized housing finance options and calculate their eligibility, Equivalent Monthly Payments (EMI) , etc. in 4 very simple steps, based on their income.

The app was officially launched by Suresh Kakani, Additional Commissioner of BrihanMumbai Municipal Corporation (BMC), the governing civic body of Mumbai, with Ms. Sanjana Runwal, a 17-year-old from Mumbai and founder of the NGO: The Clean- Foundation Up.

Most sanitation workers currently depend on individual lenders for their loan and financing needs, which are often tapped in the process. This app is a step towards raising awareness of and educating them about appropriate housing finance options.

How it works?

The app will help sanitation workers get information about organized housing finance options and calculate their eligibility, equivalent monthly payments (EMI), etc. in 4 very simple steps, depending on their income.

The app will also help them check their loan eligibility, calculate their IMEs, and pave the way for them to connect with the right real estate finance institutions.

Improve the living conditions

Sanjana Runwal said: “Our goal is to improve the living conditions of sanitation workers who live in deplorable conditions. After doing a lot of research, we have identified that they do not have adequate housing despite having adequate income. This home loan app is a small step we’ve taken to try and help them explore organized home finance channels. “

Runwal spearheads the work of the Clean Up Foundation, an NGO that leads initiatives to improve the lives of city sanitation workers. The activities of the Clean Up Foundation include providing clean water facilities, safety equipment, healthy meals, funding education for children of garbage collectors, free vaccination against COVID-19 for ragpickers and other similar activities.

Sanjana Runwal said: “Our goal is to improve the living conditions of sanitation workers who live in deplorable conditions. After doing a lot of research, we have identified that they do not have adequate housing despite having adequate income. This home loan app is a small step we’ve taken to try and help them explore organized home finance channels. . “

On behalf of BMC, Kakani praised Sanjana for her commendable work.

(To receive our E-paper on WhatsApp daily, please Click here. We allow sharing of the PDF of the article on WhatsApp and other social media platforms.)

Posted on: Wednesday October 27, 2021 6:11 PM IST


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Using a cash advance loan app? Proceed with caution https://kenkepelicula.com/using-a-cash-advance-loan-app-proceed-with-caution/ https://kenkepelicula.com/using-a-cash-advance-loan-app-proceed-with-caution/#respond Fri, 08 Oct 2021 08:58:27 +0000 https://kenkepelicula.com/?p=37 ⚠ Unsupported Browser Detected ⚠ Unfortunately this browser is not supported. Please use a recent version of Chrome, Firefox, Safari or Edge to view BBB.org. Home Latest News BBB Tip: Using a cash advance loan app? Proceed with caution BBB Tip: Using a cash advance loan app? […]]]>

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BBB Tip: Using a cash advance loan app? Proceed with caution

(Getty Images)

Sometimes you need extra cash to tide you over to payday. Several new apps are eager to provide that service, marketing themselves as an easy, no interest way to get a small loan.  However, not all cash advance apps were created equal. Before signing up for one, research it first and watch out for hidden fees and other pitfalls.

What to know before using a cash advance app

Consider these tips before you use a cash advance or payday loan app:

  • Understand how cash advance loan apps work. TheCollegeInvestor.com defines cash advance loan apps as, “apps that allow you to deposit money that you’ve already earned into your checking account before payday.” Some cash advance apps work based on earned wages by partnering with employers, while others work directly with consumers. After calculating your current earnings, apps grant you a small loan. The amount of your loan is then deducted from your next paycheck. Some apps require monthly membership fees. Others charge fixed fees for loans or allow you to make voluntary “tips.”
  • Get to know the lender. If you decide to use an app to get a cash advance, look up the financing company on BBB.org first. Make sure the company has a reputation for honest business practices. In addition, ConsumerFinance.gov recommends finding out if the lender is licensed by your state, which means better protection for you as well.
  • Read the terms carefully. Take your time reading the terms of the loan carefully. Be sure to understand when the loan must be repaid and how much you will owe if you don’t pay on time.
  • Find out about fees. Be suspicious of cash advance apps that claim to be totally free. That means there are usually hidden fees and costs, warns NextAdvisor. Fees may be disguised under other names – including “tips,” “donations,” “membership fees,” or “premium account access.” Find out what you’ll pay and be aware that fees that seem small can add up over time. For example, Nerd Wallet points out that paying $2 to withdraw $20 for two weeks comes out to an annual percentage rate of 260%. That’s comparable to what traditional payday lenders charge.
  • Be careful with your personal information. Most cash advance loan apps need access to your banking information to work. Make sure the company’s website and connections are secure and read their data privacy policies before sharing your information.
  • Never pay upfront fees. If a lender asks you to pay fees before giving you any money, don’t agree. Charging consumers undisclosed upfront fees is illegal and a sign of a scam.
  • Budget accordingly. Always remember that getting early access to your money through a cash advance loan means your next paycheck will be smaller. While this kind of loan can be helpful if you find yourself in a small financial emergency before payday, you’ll need to plan ahead to make ends meet during your next pay period.
  • Keep your documentation. BBB has received reports of consumers getting calls from collections agencies years after they repaid a payday loan. Some calls were a result of human error, but others were attempts to scam consumers out of money. Stay safe by keeping documentation that states your loans were paid in full.
  • Consider alternatives to a loan. Cash advance loans can become very expensive, especially if you miss your repayment date. Consumer.gov recommends considering other ways to borrow money, including using your credit card, asking family or friends for a loan, or inquiring about a loan at your bank or credit union. If you need a loan because you are unable to pay one of your regular bills, try calling the company and asking for assistance. For example, many lenders and creditors are helping borrowers affected by COVID-19 by offering deferment on mortgage loans or credit card debt.

For More Information

Get further insight by reading BBB’s tip on loans. Learn about dealing with debt during the COVID-19 pandemic.

Read more about BBB Accreditation Standards and BBB Standards for Trust. 

BBB








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ED Seizes Rs 131 Cr from Chinese Loan Application for FEMA Breach | Hyderabad News https://kenkepelicula.com/ed-seizes-rs-131-cr-from-chinese-loan-application-for-fema-breach-hyderabad-news/ https://kenkepelicula.com/ed-seizes-rs-131-cr-from-chinese-loan-application-for-fema-breach-hyderabad-news/#respond Fri, 01 Oct 2021 07:00:00 +0000 https://kenkepelicula.com/ed-seizes-rs-131-cr-from-chinese-loan-application-for-fema-breach-hyderabad-news/ Hyderabad: Law Enforcement (ED) Directorate seized 131 crore rupees lying in bank accounts and virtual accounts with payment gateways owned by loan application company PC Financial Services (PCFS) Private Limited under the provisions of the Foreign Exchange Management Act (FEMA). With the latest action, ED has so far seized Rs 237 crore belonging to the […]]]>
Hyderabad: Law Enforcement (ED) Directorate seized 131 crore rupees lying in bank accounts and virtual accounts with payment gateways owned by loan application company PC Financial Services (PCFS) Private Limited under the provisions of the Foreign Exchange Management Act (FEMA). With the latest action, ED has so far seized Rs 237 crore belonging to the company.
ED had uncovered FEMA violations while investigating money laundering allegations against the loan application company and seized Rs 106 crore earlier.
The company offers instant personal micro-loans through its “Cashbean” mobile application. It turned out to contain suspicious foreign remittances. PCFS allegedly illegally remitted huge funds outside India under the guise of non-existent software imports and marketing services to park funds overseas and hold them in the accounts of related foreign companies.
PCFS is a 100% subsidiary of Oplay Digital Services, SA de CV of Mexico, which in turn is a 100% subsidiary of Tenspot Pesa Limited of Hong Kong. Tenspot is owned by Opera Limited and Wisdom Connection I Holding Inc of the Cayman Islands, ultimately owned by Chinese national Zhou Yahui. The original Indian company, PCFS, was incorporated in 1995 by Indian nationals and obtained the NBFC license in 2002. After RBI approval in 2018, ownership was transferred to the Chinese-controlled company.
ED, in a press release on Thursday, said: “The investigation further revealed that the foreign parent companies of PCFS had contributed FDI worth Rs 173 crore for lending activities and, in a In a short period of time, have made overseas remittances worth Rs 429 crore on behalf of payments for software services received from related foreign companies. PCFS also showed high domestic spending of Rs 941 Crore.
“A detailed survey of foreign spending paid by the NBFC found that most of the payments were made to foreign companies, which are related and owned by the same Chinese nationals, who own the Opera group,” ED said in the communicated.
ED found that exorbitant payments were blindly authorized by the bogus Indian directors of PCFS without any due diligence and, on the instructions of country chief Zhang Hong, who reported directly to Zhou Yahui.
“PCFS handed over currency worth Rs 429 crore to 13 foreign companies in Hong Kong, China, Taiwan, United States and Singapore as payment of license fees for the ‘Cashbean mobile app. ‘Rs 245 crore per year, software technical fee of around Rs 110 crore, online marketing and advertising fee of around Rs 66 crore. These services are available in India for a fraction of the cost incurred by PCFS, ”said declared ED.
The company provides instant personal micro-loans through its “Cashbean” mobile app and has been found to have suspicious foreign remittances. ED seized Rs 106cr earlier for FEMA violations


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Robocash Group launches personal loan application in the Philippines https://kenkepelicula.com/robocash-group-launches-personal-loan-application-in-the-philippines/ https://kenkepelicula.com/robocash-group-launches-personal-loan-application-in-the-philippines/#respond Wed, 22 Sep 2021 07:00:00 +0000 https://kenkepelicula.com/robocash-group-launches-personal-loan-application-in-the-philippines/ The Robocash group has deployed the UnaCash personal loan application in the Philippines. UnaCash allows customers to get credit online and borrow up to $ 600 (£ 440) for one to six months. The maximum loan amount will be increased to $ 2,000 for the foreseeable future, said Robocash Group. Borrowers can repay the loans […]]]>

The Robocash group has deployed the UnaCash personal loan application in the Philippines.

UnaCash allows customers to get credit online and borrow up to $ 600 (£ 440) for one to six months.

The maximum loan amount will be increased to $ 2,000 for the foreseeable future, said Robocash Group. Borrowers can repay the loans online or offline through one of the partner banks or a partner point of sale.

UnaCash has partnered with the six largest banks in the Philippines and will soon begin accepting refunds online from any bank account and launch recurring payments with special privileges for its customers.

This is the latest expansion of the Robocash group’s operations in the Philippines. In December 2020, it launched UnaPay, offering an immediate payment product, subsequent payment, and salary-linked loans.

Read more: Robo.cash reaches € 300 million in total funded loans

Read more: Robo.cash finds experienced investors more likely to use the secondary market

“We see the great potential of the market in the Philippines,” said Sergey Sedov, Managing Director of the Robocash Group.

“Right now, 63.3% of Filipinos have a cell phone. As of May 2021, 80.2% of registered Filipino adult internet users had purchased something online.

“This is a very engaged mobile audience with rapid growth in e-commerce in the region. However, there are still a significant number of customers in the region without a strong credit history, which means that many people are unbanked. In 2019, 71% of the population did not have a personal bank account and around 15% were underbanked.

“By focusing on the customer experience, we aim to provide a better financial infrastructure. Integrating all of our services into UnaBank will allow us to create an efficient ecosystem and deliver even better value to our customers.

In August, Robocash Group announced that it achieved a 152.5% year-over-year increase in revenue to $ 144.4 million (£ 104.4 million) in the first half, as it declined preparing to expand into new markets and products.


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Personal loan application ranking a puzzle https://kenkepelicula.com/personal-loan-application-ranking-a-puzzle/ https://kenkepelicula.com/personal-loan-application-ranking-a-puzzle/#respond Fri, 17 Sep 2021 07:00:00 +0000 https://kenkepelicula.com/personal-loan-application-ranking-a-puzzle/ Personal loans take many forms these days and using apps to get them is our favorite. Why? This should be obvious as this is the PYMNTS provider ranking of personal loan applications. It’s just the way we do things here. And while this is our most compact ranking (it averages about seven apps), they represent […]]]>

Personal loans take many forms these days and using apps to get them is our favorite.

Why? This should be obvious as this is the PYMNTS provider ranking of personal loan applications. It’s just the way we do things here. And while this is our most compact ranking (it averages about seven apps), they represent the cutting edge of digital lending.

Let’s see what has happened since last month.

The Top 5

In a leaderboard that sees little month-to-month movement, this latest update is a doozy.

For example, while one app has dominated this leaderboard for months, there’s a new # 1 this cycle. It’s the SoFi app that climbs two places to become the new top app here.

The MoneyLion app, which just announced that it will trade cryptos with its exciting news about its IPO this month, is dropping a spot at No.2.

At No.3 is the Upgrade app, down one spot in the rankings but up in terms of valuation, which hit $ 3.3 billion after its Series E fundraiser in August.

No change to n ° 4 because Avant keeps its usual place warm.

Rooted in place at # 5, it’s still LendingTree, which connects borrowers to multiple lenders in its online lending marketplace.

The Top 10

Below the Top 5 row in the ranking of personal loan application providers, it clears up considerably.

Only two apps are listed here, but that’s not unusual at all.

And they haven’t changed their position since the last cycle, which makes it all very simple.

Keeping its # 6 spot for another cycle, we have PaySense.

Another consistent ranking at # 7 as the FlexWage app remains stable as usual.

We said it was a “compact ranking” and we held it. Take this information and go make some money. Or borrow some.

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NEW PYMNTS DATA: DIGITAL BANKING STUDY – THE BATTLE OF BREWING FOR WHERE WE WILL BANK

On: Forty-seven percent of U.S. consumers avoid digital-only banks due to data security concerns, despite considerable interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can boost privacy and security while providing convenient services to meet this unmet demand.


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Beijing to ask Ant’s Alipay to create separate loan app – SupChina https://kenkepelicula.com/beijing-to-ask-ants-alipay-to-create-separate-loan-app-supchina/ https://kenkepelicula.com/beijing-to-ask-ants-alipay-to-create-separate-loan-app-supchina/#respond Mon, 13 Sep 2021 07:00:00 +0000 https://kenkepelicula.com/beijing-to-ask-ants-alipay-to-create-separate-loan-app-supchina/ Beijing to ask Ant’s Alipay to create separate loan app – SupChina Skip to content Find a company based in China Find a company based in ChinaJD technologyEvergrande GroupGanfeng LithiumShenghe Resources HoldingNorth China Rare Earth GroupBaotou Iron and SteelGemLens technologyKanzhunKuaishouMissFreshXuanji technologyVolitationHuimingjieAEEEHangThree Gorges Society of ChinaChina across the oceanHoneycombXAGCMSGDUFoiaSYS SkyTIMAutel roboticsChina Aviation Industry CompanyChinese Academy of […]]]>



Beijing to ask Ant’s Alipay to create separate loan app – SupChina
























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Loan application fraud: Banker detained by Hyderabad cops for unfreezing accounts | Hyderabad News https://kenkepelicula.com/loan-application-fraud-banker-detained-by-hyderabad-cops-for-unfreezing-accounts-hyderabad-news/ https://kenkepelicula.com/loan-application-fraud-banker-detained-by-hyderabad-cops-for-unfreezing-accounts-hyderabad-news/#respond Tue, 31 Aug 2021 07:00:00 +0000 https://kenkepelicula.com/loan-application-fraud-banker-detained-by-hyderabad-cops-for-unfreezing-accounts-hyderabad-news/ HYDERABAD: The manager of a branch of ICICI bank in Calcutta has been arrested for siphoning Rs 1.18 crore from accounts frozen by the Hyderabad police cyber cell as part of his investigation into fraud fraud loan application. Defendant Rakesh Kumar Das reportedly earned Rs 36 lakh as a “commission” for facilitating the fraud, officials […]]]>
HYDERABAD: The manager of a branch of ICICI bank in Calcutta has been arrested for siphoning Rs 1.18 crore from accounts frozen by the Hyderabad police cyber cell as part of his investigation into fraud fraud loan application. Defendant Rakesh Kumar Das reportedly earned Rs 36 lakh as a “commission” for facilitating the fraud, officials have said in pursuit of the money trail for months.
Das, the Alipore branch manager of ICICI Bank, was arrested a few days ago from Calcutta and brought to Hyderabad on a transit warrant. He was taken into custody on Monday.

Deputy Police Commissioner (Cybercrime) KVM Prasad said a fraudster posing as a Kolkata Police SI visited ICICI Bank’s Alipore branch in April carrying a fake letter. The alleged letter from the head of the cyber cell at the Kolkata police headquarters in Lalbazar ordered the bank manager to unfreeze seven of the 12 accounts frozen by the Hyderabad city police and transfer the money to an SBI account in Hyderabad.
Quoting the letter, Das transferred 1.18 crore rupees from seven accounts. SBI account holder Anand Jannu was arrested on June 2. He confessed to police that his alleged associate, Nallamothu Anil Kumar, paid him Rs 1 lakh in commission in exchange for being allowed to use his bank account.
Anil was arrested on June 12.
During questioning, Anil told investigators that he and another defendant, Uttam Chowdhary, transferred Rs 1.18 crore from the SBI account to various bank accounts and withdrew the money.
The accused also confessed that he and Chowdhary paid Rs 36 lakh to the bank manager.
“Although he knows that the accounts were frozen at the request of the Hyderabad police, the bank manager unfreezed them on the basis of a forged letter from the Kolkata police. A bank can only transfer any amount from an individual’s frozen account after obtaining a court order or with the consent of the account holder, ”the CPA said.


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