Instant Loan Scam: UP Gang Used 100 Loan Apps To Extort Rs.500 Crore from Public and Sold Data To China


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Instant Loan Scam: Twenty-two people have been arrested from across the country for their involvement in a Rs.500 crore instant loan-cum-extortion racket that was operated by Chinese nationals. Click here to join telegram study group → Important PDFs How this Instant Loan Scam was done? The fraudsters uploaded their application on google play store or their websites. Users download the apps from there and the racket involved more than 100 applications. This racket network was spread across Delhi, Karnataka, Maharashtra, Uttar Pradesh and other states. Once user downloaded the app, he was given some amount as instant loan. After that,...