UP Gang Used 100 Loan Apps To Extort Rs 500 Crore, Sent User's Details To China

• Image Credit: Internet

• Aug 21, 2022 | Sourav Boruah

Digital Desk: In connection with a Rs 500 crore fast loan-cum-extortion
ring run by Chinese nationals, 22 persons from all over the country have been
detained. A senior police officer claimed that more than 100 programmes were
utilised in the scam to acquire the user's private data, which was then
uploaded to servers in China and Hong Kong.

After reviewing the gang operation, which lasted more than two
months, the racket Delhi Police made the arrests. According to police
officials, the network was widespread throughout the states of Delhi,
Karnataka, Maharashtra, Uttar Pradesh, and others.

The authorities said that a group operating out of a Lucknow
contact centre utilised the applications to loan people modest sums of money.
The loan money would be credited to the user's account within minutes after
they downloaded the programmes and gave them authorization, according to the
police.

Using various numbers obtained with bogus identification, the
gang would then call the individuals and demand money, threatening to post the
users' altered naked photographs online if they did not comply, according to
Deputy Commissioner of Police (IFSO) KPS Malhotra.

According to the authorities, hundreds of complaints were made
stating that loans were being given out at higher interest rates and that when
the money and interest were fully recovered, the gang would continue to extort money
from the public by utilising their modified naked images.

According to reports, the gang used several accounts, and each
one collected more than Rs 1 crore each day.

Cash Port, Rupee Way, Loan Cube, Wow Rupee, Smart Wallet, Giant
Wallet, Hi Rupee, Swift Rupee, Walletwin, Fishclub, Yeahcash, Im Loan,
Growtree, Magic Balance, Yocash, Fortune Tree, Supercoin, and Red Magic have
been recognised as the apps.

The cops were able
to find at least 51 mobile phones, 25 hard drives, nine laptops, 19 debit and
credit cards, three cars, and Rs 4 lakh in cash.

The police have
apparently been informed by the arrested members that the scam was run at the
direction of Chinese citizens. Few Chinese nationals have been identified by
the authorities, and attempts are being undertaken to find and detain them.

The operatives have been moving their recovery call centres
to Pakistan, Nepal, and Bangladesh since the crackdown. The Chinese nationals
have stolen more than Rs 500 crore thus far, according to the authorities.