Loan application cases: three more in the police net
Three people, including a Chinese national, were arrested by Rachakonda cybercrime police on Sunday in the instant mobile app lending cases.
Microfinance companies harass borrowers by calling them cheaters and humiliating them when they do not repay the loan amount on time.
According to police, Liang Tian Tian, the Chinese national, married a Parshuram Lahu Takve in 2013 and came to India on a dependent visa in 2016. Takye started Hypertel Pvt. ltd. to Koregaon in Pune to provide BPO services with a limited number of employees and closed the business in March 2020 due to the COVID-19 lockdown. In June, he launched Jiya Liang InfoTech Pvt. ltd. and Tian helped him manage company affairs and monitor the day-to-day activities of employees.
Their company registered with the ROC in July and entered into a business agreement with ‘Bienance Infrastructure Technology, West Mumbai, Ajaya Solutions Pvt. Ltd, Thane and Taelde Technology Pvt. Ltd, Mysore for providing online loan payment dues collection paging services, said Rachakonda Police Commissioner Mahesh M. Bhagwat.
“Companies were sanctioning unsecured personal loans through digital applications to borrowers,” he said, adding that the companies had not produced valid licenses by their RBI customers to run the business of the unsecured finance company. banking.
Currently, around 650 employees work at the defendant’s company and are responsible for using their personal cell phone numbers to contact borrowers. “As per the instructions, the employees were calling the loanees, their relatives and friends and insisting that they repay the loan amount with interest,” Bhagwat said, adding that Takye’s customers had developed around 16 claims. instant ready, including Krazy Bean. Rupee Krazy, Cashplus, Rupee Pro and Gold Bowl.
“These apps are developed in such a way that upon installation, they have access to contacts and other data on the device. These apps collect ID proofs, PAN card, KYC documents and bank details from customers,” he said.
Another accused was identified as Sk. Aaqib (20), a student from Munduwa, Pune.
Mr Bhagwat said cybercrime police had registered two cases against lending apps.