Instant loan app scam busted! Rs 500 cr sent to China via Hawala, cryptocurrency; 22 held for involvement in over 100 such apps


Source: zeebiz.com zeebiz.com

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Loan app scam:In the last two months, 22 people were arrested. The arrested individuals were working on the behest of Chinese nationals. According to a statement of an official on Saturday, the money was being routed to China through the hawala route or crypto-currency. Loan app scam: An instant loan app scam of Rs 500 crore has been busted by Delhi Police`s Special Cell yesterday. The Intelligence Fusion and Strategic Operations (IFSO) busted various modules of instant loan applications having Chinese connections. In the last two months, 22 people were arrested. The arrested individuals were working on the behest of...