Instant Loan App Scam: CID Confirms That There Is A China Link


Source: moneycontrol.com moneycontrol.com

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Criminal Investigation Department (CID) is investigating the alleged data theft by instant loan apps claim that they have sufficient circumstantial and scientific evidence to link the fraud case to China. According to a Times of India report, officers probing the case said that the application server of the app is based in China. In addition, directors of three of the four companies recently raided by CID are also from there. “Operations of the companies which were raided are controlled from China. This includes handling of the hacked mobile phones’ data,” Superintendent of Police, CID-cybercrime, MD Sharath, was Quote: d as...