Chinese national, 3 others arrested in Cyberabad instant loan application fraud case

Four people, including a Chinese national, from a gang have been arrested in an instant loan application fraud case in Cyberabad. The arrest followed a raid by Cyberabad cybercrime police on a call center named Cubevo Technology Private Limited (Skyline) located in the city.

According to the police, its head office named “Skyline Innovations Technologies India Private Limited” is located in Delhi. It is registered in ROC, Gurgaon and its directors are Chinese nationals Zixia Zhang and Umapati Ajay. The company has developed 11 instant loan applications. , which offered loans to individuals and collected huge repayments (including interest, processing fees, GST, default fees and once the loan period is over they charge a 1% penalty) and appeal also to systematic abuse, harassment, threat of defaulters through call centers They even blackmail borrowers by sending false legal opinions to their relatives and family members.

Recently, Cyberabad Cybercrime Police Station registered eight cases against these loan applications.

According to police, on December 17, a complaint was received from a person in which he said that due to his financial need, he searched on Google and downloaded the instant loan app and downloaded an Aadhaar card, a PAN card, a self-authentication photo, a three-month bank. statement, and took a loan of Rs 2,015 for 7 days and after deducting the amount of Rs 415 for GST and processing fee, they disbursed Rs 1,600 as the loan amount on August 25th. After that he got calls from different cell phone numbers and advised him to take instant loan from their apps.

He allegedly took a total loan amount of Rs 120,000 out of 28 instant loan applications. Even though he paid the loan amount of 2,000,000 rupees with interest, he got calls from different cell phone numbers and operators started making abusive and threatening calls and also blackmailed him to quash. ‘he sends legal opinions. Therefore, he asked to take the necessary measures. Based on the above complaint, a case has been registered, police said.

The accused Zixia Zhang and Umapati Ajay are said to be on the run. Those arrested include Yi Bai Dennis, a Chinese national, residing in Delhi, originally from Jiangxi, Shanghai, southwest China, Satya Pal Khyalia, residing in Delhi from Sikhar district, Rajasthan, Aniriddh Malhotra, residing in Hyderabad , originally from Rajasthan, and Murathoti Richie Hemanth Seth resident of Hyderabad originally from Kadapa, Andhra Pradesh.

The list of loan applications is Loan Gram, Cash Train, Cash Bus, AAA Cash, Super Cash, Mint Cash, Happy Cash, Loan Card, Repay One, Money Box, Monkey box, etc.

These apps are developed in such a way that when installing these apps, they have access to contacts, mobile information and other data on the device. These apps collect proof of identity, PAN card, KYC documents and bank details from customers.

They verify the authenticity of documents and pay small amounts in the form of a loan to their bank accounts by debiting the processing fee and GST, which is 25 to 30 percent in advance. Loans are granted for seven days or 15 days.

Police are also trying to determine whether or not these apps are linked to an NBFC.

Cyberabad Cybercrime Police Station has registered at least eight cases against these loan applications in the recent past. The call center raid was part of the investigation and further investigation is underway.

(With contributions from agencies)

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