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A 46-year-old man from Sanathnagar was allegedly harassed and cheated of Rs 36.16 lakh by online loan app executives. Police said the offenders threatened him by misusing personal data. Hyderabad Cybercrime Police have launched an investigation
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From emergency medical needs to daily lifestyle expenses, people are using instant loans through leading mobile applications such as Bajaj Finserv.
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M Santosh said Namthabaji Srikanth from Arunakkanagar in the coal belt town died by hanging.
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The deceased Devakumar (23) was said to have taken a loan from a mobile loan app a few days ago.
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The ED initiated money laundering investigation on the basis of FIR dated August 8, 2021 filed under various Sections of Indian Penal Code (IPC) by Cyber Crime Police Station, Kohima, Nagaland.
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Hyderabad: A tea stall owner approached the Medipally police on Saturday and lodged a complaint alleging harassment from online loan app executives. The complainant, identified as Narender Kumar, who runs a tea stall in Medipally area, had borrowed an instant loan from an online loan app. He regularly kept paying the loan interest until recently […]
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Hyderabad: With the Nepal police finally cracking down on instant loan app companies operating from their soil, the Hyderabad City Police are now hopeful of reaching the masterminds of the illegal business. The City Police, during the recent investigations into the loan app cases, found that the managements had taken shelter in Nepal following a […]
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Karimnagar: Commissioner of Police, V Satyanarayana advised the people to be alert about online loan apps since the organizers were cheating the public by taking their needs and innocence as an advantage. The CP inaugurated invitation cricket tournaments being organized by Karimnagar Commissionerate Police to educate the people about online loan apps frauds at the […]
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New Delhi: In February this year, a complaint was lodged at the IFSO unit of the Special Cell by a woman alleging that she was being abused and threatened by some unknown persons who were sending her morphed and vulgar photographs to her family, friends and relatives through social media. The complainant had taken a […]
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Hyderabad: Illegal online loan app companies are turning out to be like weeds in a garden. The more they are plucked and thrown out, the more ways they find to return. Law enforcement agencies from the State had sent requests to Google to remove illegal instant loan apps from Google Play Store and many were […]
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Mumbai: The Reserve Bank of India will soon come out with regulatory architecture for digital lending platforms, many of which are unauthorised and illegal, Governor Shaktikanta Das said on Thursday. There have been increasing cases of alleged suicides of borrowers due to harassment by a few of the operators of digital lending apps. “I think […]
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Hyderabad: Fake online loan app managements appear to be striving hard to regain lost customers and make new ones. According to the police, they are resorting to desperate measures including crediting loan amounts without requests or applications from customers. The Reserve Bank of India had recently blacklisted about 130 fake loan apps, most of which […]
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The instant loan app menace underscores the need for a robust data security mechanism
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Hyderabad: The Hyderabad police filed a petition before the court seeking custody of the 11 persons who were arrested after raiding call centres and companies in Hyderabad and Gurgaon. The police also found that the Gurgaon based call centres is run by a woman Chinese national who is monitoring the operations from China on regular […]
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The police asked people not to download any loan-based application as most of them were exploitative