News Snapshot:
Predatory lending by instant loan applications has led to suicides in several states. Many of these apps have been traced to China and Hong Kong, and money laundering channels using cryptocurrencies have been uncovered. Despite the arrest of several players, including Chinese citizens and Indian accomplices, such activities continue to flood the market. They lure desperate individuals into debt traps and abuse access to their smartphone data to extort exorbitant amounts. In this series, News18 will explain the human cost of fraud and examine the national security implications of China’s Indian harvest data. A complex web of several fintech companies,...
