Instant loan scam: Another Chinese national whose job was to harass borrowers arrested, Rs 30 cr freezed

Hyderabad: An extensive investigation into the instant loan lending apps led to the arrest of another Chinese national and cops freezed Rs 28 Crore.

The Cyber crime wing of Rachakonda police have arrested Jian @ Mark (26) from Maharashtra. His employee Vivek Kumar( 26 year old) accountant at Ajaya Solutions has also been taken into custody.

The confession of previous arrested accused, namely Parusha Ram Lahu Takwe (32) director of Jia Liang infotech located in Pune led to fresh arrests. It is to recall that cops took into custody Liang tian tian (Chinese national) who monitored the staff/employees, Aquib Shaik (19) Human Resource manager at Jiya Liang Infotech Pvt Ltd Pune Maharastra.

The accused persons are operating a call centre at Pune for providing services to Instant Loan Apps companies 1) Ajaya Solutions Pvt Ltd Thane Mumbai, 2) Bienance information technology Pvt Ltd, 3) Epoch Go Credit Solutions Pvt. Ltd GB Road, Thane West, Maharashtra, 4) Truthigh finetech pvt ltd. and other companies.

Role of Jian

Jian @Mark came to India in July 2019 on a business visa and joined as a representative on behalf of Chinese nationals Xu Nan, Xu Xinchang and Zhao Qiao who are the Directors of above said Micro finance loan apps companies. Also they appointed an Indian director Ankur Singh.

These companies provide Instant online micro loans with high rate of interests to the borrowers through 'online loan apps' like Krazy bean, Krazy rupee, Cashplus, Rupee Pro, Gold bowl, First Cash , Real rupee/Rupee Bear, Rupee most, First cash, Credit rupee, Cool Cash, Money now, Pocket rupee , Rupee

Day, Cash goo, Cash star, Cash Bowll, Cash Kush, Cool Rupee, Money Rupee, Gold Rupee, Money Helper, R-Cash, Money Bell, Etc.

To recover the loan amount, another call centres was established at Thane in Maharastra . An agreement was made with Jiya liyan Infotech Pvt Ltd Pune to recover the loan amounts from the borrowers.

"The above said companies not have any valid licenses registered with RBI to run the NBFC business based on Online applications. These applications are developed in such a way that on installing these Apps by the borrowers get axis the contacts, mobile information and other data on the device of the borrowers. After one week of sanctioning the loan, the customer data they provide to their tie upped call Centre Jiya Liang InfoTech Pvt. Ltd, for calling the borrowers for the repayment the loan dues. If any borrower neither responded nor paid, they issued instructions to Jiya Liang Infotech Pvt. Ltd, to start abuse the borrowers and threaten them to repay the due amounts through phone calls" Cops said.

The next step would be to dial the borrowers and their relatives, friends and insisting them to repay the loan amounts along with abnormal interest added by the company. "The call centre staff would create a Whatsapp groups with the contact numbers of the borrowers and post borrower's photos, ID proofs, fake legal notices, and also abusive comments and voice messages to that Whatsapp group as the borrower is a defaulter, chor" cops added.

On a reliable information, a special team lead from Rachakonda visited Thane in Maharashtra and apprehended the accused. Jian and Vivek were brought to Hyderabad on transit Warrant and was produced before the Court for judicial custody. So far, cops have seized Rs. 30 Crores in the bank accounts of the above companies.

Advisory

1. Never download any Instaloan apps without verifying their licenses issued by government authorities.

2. Never download any app that asks to give access to the contacts, files, photo gallery.