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Loan-cum-extortion case busted: Over 100 loan apps used by UP gang to extort huge amount, Chinese national involved

In a massive crackdown, Delhi cyber cell busted loan-cum-extortion case where more than 100 loan apps used by UP gang to thug people, they used to send India's detail to China.

By Ruchi Upadhyay 
Updated Date

New Delhi: In a massive crackdown, Delhi cyber cell busted loan-cum-extortion case where more than 100 loan apps used by UP gang to thug people, they used to send India’s detail to China. The Intelligence Fusion and Strategic Operations (IFSO) unit of the Special Cell has unearthed a gang who blackmailed people across the country and extorts through the Chinese loan app. During the operation that lasted for about two months, the police have arrested a total of 22 people from different states across the country.

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Police say that the game of recovery is going on from China. Some citizens there have created more than 100 such apps. These apps are used to give instant loans.

While doing KYC of the loan, the victims are asked to access their contact list, chats, images and other important data. KYC is not possible without its permission. After collecting important data, it was sent to China or Hong Kong. From there, the photos of the victims were tampered with and recovered by blackmailing them.

Police officials said that from the accounts of the gang, it has been found that these people have sent more than 500 crores to China through hawala and crypto currency in the past. The team of IFSC is investigating the matter after interrogating the arrested accused.

KPS Malhotra, Deputy Commissioner of Police, IFSC Unit, said that the business of recovery was going on through the Chinese loan app for a long time. Hundreds of complaints of such recovery were present on the National Crime Reporting Portal. In all these complaints, people wrote that they were given loans at very high interest rates. Apart from this, after repaying the loan, he was being blackmailed by stealing photos from his mobile and making them obscene.

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When the police investigated, it has come to know that more than 100 such apps are present on Google. Where after completing a few formalities, they are trapped in their net by giving loans. The police started checking the application code, code details and bank accounts. Investigation revealed that the accused have their hideouts in Delhi, Haryana, Karnataka, Maharashtra, UP, Bihar and other states.

This is how the crime of cheating was given
The accused have developed more than 100 different loan apps in China and Hong Kong. They have been put on the Google Play Store. Not only this, people who need a small loan of five or ten thousand, they find such an app on Google. The loan app was placed at the top of Google through search engine optimization.

-Different types of loan apps were prepared in China and Hong Kong, later they were put on the Google Play Store.
-These apps are advertised on different websites and placed at the top when you search on Google through search engine optimization.
-When loan borrowers download the app, they are asked to access the contact list, photos and other data while completing the formalities.
-From this data, photos of victims are tampered with and made pornographic, which are then used.
-When the loan is repaid, then these people demand more money, if the money is not given, they are blackmailed with obscene photos of the victims.
-Several lakhs of rupees are collected from the victims, later this amount is sent to China through cryptocurrency or hawala.

Name of the apps which have been identified by police are — Raise cash app, PP money app, Rupees master app, Cash ray app, Mobipocket app, Papa money app, Infinity cash app, Kredit mango app, Kredit marvel app, CB loan app, Cash advance app, HDB loan app, Cash tree app, Raw loan app, Under Process, Minute cash app, Cash light app, Cash fish app, HD credit app, Ruppes land app, Cash room app, Rupee loan app and Well Kredit app.

The Chinese instant loan apps linked to Lucknow-based `extortion` call centre have been identified as Cash Port, Rupee Way, Loan Cube, Wow Rupee, Smart Wallet, Giant Wallet, Hi Rupee, Swift Rupee, Walletwin, Fishclub, Yeahcash, Im Loan, Growtree, Magic Balance, Yocash, Fortune Tree, Supercoin, Red Magic.

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