Hyderabad police allege loan app fraud run by Chinese national, two arrested
Hyderabad Police have dismantled a fraud case linked to a loan application run by a Chinese national in Bengaluru. Police arrested two defendants identified as Shabbir Alam (36) and Umakant Yadav (30), both residents of Karnataka. According to the Hyderabad police statement, the duo ran a call center in Bengaluru and offered loans through six loan applications under the supervision of Chinese nationals.
They ran a call center in Koramangala, Bangalore on behalf of Sky Links Technology Pvt Ltd and operated the following loan application – Ocean Rupee, Life Wallet, Maloo Wallet, Elephant Cash, Box Cash and Dutta Rupee under the supervision of Chen chaoping. Police said Chaoping is currently in China.
“Apps are hosted on Google Play Store when innocent people download the app, permissions for gallery, contact list and locations are obtained by the app required to provide loan for a short period of time after which the victims have to pay very large interest. When the victims are unable to repay the loan amounts, the defendants post their photos on social media platforms by transforming their photos, and threatening calls are also made,” the cops said in a statement.
According to a statement by the Joint Commissioner of Hyderabad Police, on December 20 last year they received a complaint from a 30-year-old woman from Rethibowli in which she said she had taken the loan from ₹2 lakh apps available on the Google Play Store. After seven days when the lady failed to repay the loan, she started receiving threats and harassment from different WhatsApp numbers. The lenders abused her in vulgar language and threatened her. Police said the woman borrowed the money from – Creditbus, clear loan (dynamic loan, pocket loan, easy credit, Finfarm, rupee fast, rupee now, credit sttar), Credit King, ecpress loan, Money Stand, Infinity Cash, Ccash bee, APna Paisa, Quality cash among others.
Police found that in 2020, Chen was operating the same call center in Bengaluru on behalf of Golden Bag Technologies Pvt Ltd in Bangalore. At that time, the current defendant Shabbir Alam worked as a supervisor and Umakanth Yadav worked as an IT manager in the aforementioned call center. In 2020, the Chinese national traveled to China on suspicion of police arrests, shutting down the call center.
After a few arrests by Bengaluru Cybercrime Police in December 2020 and January 2021, Chen fled to China and closed the call.
After two months, the Chinese national again contacted the defendants Shabbir Alam and Umakanth Yadav and asked them to manage the call center by introducing new loan applications, namely 1) Ocean Rupee, 2) Life Wallet, 3 ) Maloo Wallet, 4) Elephant cash, 5) Box Cash and 6) Dutta Rupee (all apps designed by Mr. Chen Chaoping). Based on Mr. Chen Chaoping’s instructions, the accused hired about 100 callers and opened a new call center in Koramangala, Bangalore, and trained the callers to extort money from the victims. in every possible way.
Based on the complaint, the police arrested the two officials and seized 29 cell phones and 73 laptops, among other things.