Loan apps scam: Three members of international gang arrested from Bangalore, two absconding
Cyber Crime Commissionerate and Janagam Police have arrested three members of an international gang involved in instant loan apps scam.
By Newsmeter Network Published on 28 Dec 2020 7:52 AM GMT
Warangal: Cyber Crime Commissionerate and Janagam Police have arrested three members of an international gang involved in instant loan apps scam.
The accused have been identified as Debaship Das, Sanjay BR and Santosh Kumar Nayak from Bangalore.
Main accused Eric Penglue and Padra Binda Roy are absconding.
The arrest follows the complaint lodged by Bandaru Srinivas at Janagam police station on December 18. In his complaint, he said that he got a loan of Rs 4,000 through the loan app. Due to some reasons, the victim did not repay the loan. Later one of the accused Srinivas' called up his relatives to harass and put pressure.
Warangal Police Commissioner has revealed that the three accused had set up an office in Bangalore City under the name of 'Past Credit App'. The accused with various numbers were threatening and harassing the borrower over the phone.
As part of the investigation, the accused were detained and interrogated in Bangalore City and later brought to Janagam police station.
"Defendants are committing money laundering in the name of invisible charges along with high interest from the public through loans provided through the app. In some cases, the accused, were threatening harassing, and sending objectionable messages to borrowers who were not able to repay the loan due to unavoidable circumstances," said the police.
