Yogesh K Porwar
The CCB officials on Monday arrested three persons who are part of the loan app racket run by Chinese companies.
The CCB sleuths raided the firms situated in Koramangala and seized the equipments including 35 laptops,200 mobile phones and other equipments used by the accused.
The accused has been identified as,Syed Ahmed, 33,from Shamanna garden,Syed Irfan,26 from BTM 2nd stage and Aditya Senapathy of Ramagondanahalli were appointed as directors of the companies owned by Chinese nationals.
The accused run the business using Chinese mobile Apps including moneyday,paisa way,loan time, and in cash apps offering instant loan and charges exhorbitant interest.
The accused also hires few BPO companies to manage the loan disbursement and repayment process.
The accused would threaten and blackmail customers if they fail to pay EMI online and do not have required permission from the competent authority to run financial activities.
Sandeep Patil,Joint commissioner of police crime,said,Based on a complaint filed by three customers the CCB filed separate cases and raided Ace pearl service private limited, situated at 7th block Koramangala and arrested the accused.
Based on their information the CCB police team also raided Higeki service private limited,exceedwell service private limited,MascotStar service private limited and Aqua Steller private limited,which are operating mobile loan app services.
During investigation it is revealed that there are two Chinese nationals involved in the case.The team investigating the case have information about them and will be arrested soon, he added.
It may be recalled that the cyber crime CID officials busted similar racket few days ago.
Finally Bengaluru Police Commissioner,Kamal Pant,has appreciated,Joint CP Crime,Sandeep Patil,DCP Crime-1,KP Ravikumar and his whole team and said i greatly applaud CCB team for cracking down on mobile-app based instant loan companies.These microloan apps used to lend money at a high-interest rate and harass the defaulters through coercive methods a suitable reward will be given to the team he added.
