A Chinese national and 3 members of a gang have been arrested in an immediate loan apps fraud case at Cyberabad.
Cyber Crime Police, Cyberabad raided a contact centre named “Cubevo Technology Private Limited” (Skyline) situated in the city headed by a Chinese national and arrested 4 members such as one more Chinese national.
As per the police, its head workplace is situated in Delhi named “Skyline Innovations Technologies India Private Limited” which is registered in ROC, Gurgaon and its Directors are Zixia Zhang and Umapati @ Ajay and they created 11 Instant Loan applications which provide loans to folks and gather big repayments (such as interest, processing charges, GST, Default charges and as soon as loan period is more than they charge 1% penalty) and also resort to systematic abusing, harassing, threatening of the defaulters via contact centres run by them. They even blackmail the borrowers by sending fake legal notices to their relatives and household members.
Recently Cyber Crime Police Station, Cyberabad have registered eight instances against these loan applications and investigated into.
According to police, On December 17 a complaint was received from a individual in which he stated that due to his economic demands he searched in Google and downloaded the Instant Loan App and uploaded Aadhaar card, PAN card, self-authentication photo, 3 months bank statement and took a loan of Rs 2,015 for 7 days and soon after deducting the quantity of Rs 415 for GST and processing charge, they disbursed Rs 1600 as loan quantity on 25-08-2020, soon after that he received calls from diverse mobile numbers and advised to take an immediate loan from their applications.
On their tips, he took a total loan quantity of Rs 1,20,000 from 28 immediate loan applications. Even although he paid the loan quantity of Rs 2,00,000 with interest, he received calls from diverse mobile numbers and tele callers began generating abusive and threatening calls and also blackmailed him of sending legal notices. Therefore, he requested to take important action. On the basis of the above complaint, a case has been registered.
The accused Zixia Zhang, a Chinese national and Umapati @ Ajay are absconding. While Yi Bai @ Dennis, a Chinese national, resident at Delhi, native of Jiangxi, Shanghai, South West China, Satya Pal Khyalia, resident of Delhi native of Sikhar District, Rajasthan, Aniriddh Malhotra, resident of Hyderabad, native of Rajasthan, and Murathoti Richie Hemanth Seth resident of Hyderabad native of Kadapa, Andhra Pradesh have been arrested.
List of loan applications are Loan Gram, Cash Train, Cash Bus, AAA Cash, Super Cash, Mint Cash, Happy Cash, Loan Card, Repay One, Money Box, Monkey box and so forth.
Zixia Zhang with the enable of his Singapore-primarily based firm created 11 Instant loan applications providing loans to folks aged involving 20-40 years with higher interest prices. Then in the month of December 2019, Zixia Zhang along with Umapati established a firm known as Digipeergo Tech Pvt Ltd initially and then established Sky Line Innovation Technology India Private Limited and presented loans via the above described applications.
To get the repayments from the loan borrowers they have set up 4 more contact centres in many components of the nation. Following are the list of Call Centres operating in many cities. Topfun Technologies Pvt Ltd, registered at Goa and Office situated at Gurgaon. Fasmate Technology Services Pvt ltd, Office situated at Gurgaon. Cubevo Technology Private Limited, Office situated at Hyderabad and Best Shine Technology Private restricted, workplace situated at Hyderabad.
These applications are created in such a way that on installing these apps they get access to the contacts, mobile data and other information in the device. These applications gather the Id proofs, PAN card, KYC documents, bank account specifics of the prospects.
They verify the genuineness of the documents and disburse little amounts in the type of loan to their bank accounts by debiting the processing charges and GST i.e., 25-30% in advance. There will be two categories of loan period 1) 7 days and 2) 15 days. On completion of the due date, the buyer is place into a bucket list (S-, S-1, S-2, S-3, M2, M3, X and so forth.,). The lesser the bucket the loanee is in, the lesser the abusive remedy is and abuse and harassment increases with the larger bucket.
They abuse the prospects in filthy language and threaten them with dire consequences. They even go to the extent of accessing the contacts of the prospects from their telephone and start out abusing and threatening the household members, relatives and close friends with calls and messages.
Further fraudsters have set up contact centres in diverse components of south India, exactly where the tele callers make calls to the prospects who are categorised into diverse buckets and ask for big repayments in an abusive and threatening manner. They also blackmail innocents by sending fake legal notices. Tele callers also recommend victims to make the repayments by taking a loan from their other loan applications. The buyer falls into their trap by taking loans in the other loan applications as recommended by tele callers and finish up paying big amounts and stuck in a under no circumstances-ending cycle.
So far in the investigation no matter whether these applications are connected to any NBFC or not is not clear. Police have seized two laptops, 4 cell phones, and Rs 2 crore.