Four more arrests in loan application case; cops share details with RBI officials | Hyderabad News

Hyderabad: Cyberabad Police on Thursday arrested four more people for allegedly harassing loan takers, who defaulted after taking loans through instant loan apps.
Police remained silent Thursday on details of those arrested as the investigation is still ongoing. They said their role would be clearer on Friday. on their role.
Meanwhile, Cyberabad Police Commissioner V.C. Sajjanar and other senior police officials have met with Regional Director of Reserve Bank of India (RBI) and shared details of police investigation into the cases. harassment of instant loan applications and asked for clarification.
“Digital lending platforms engaged as agents are also required to disclose to the customer in advance the name of the bank/non-bank financial company (NBFC) on behalf of which they transact,” officials said. from RBI to the police.
In a press release, Cyberabad Police said RBI officials said that the public can report information about unverified/unauthorized apps to relevant law enforcement agencies or use RBI’s Sachet portal https: //sachet.rbi.org.in to file complaints online.
With the arrest of four members, the total number of arrests has risen to 15. The investigation into software engineer Sunil’s death is still ongoing.
The police have served notices on a few NBFCs that the instant finance companies have linked up with. “Regardless of the banking irregularities, the defendants committed an offense by harassing the defaulters,” Cyberabad Police said.

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