Instant loan application case: another Chinese national among two arrested in Telangana
The accused has been identified as Jian, a 26-year-old from Jiangxi province in China, representative of Jia Liang Infotech Pvt Ltd.
Another Chinese national was arrested by Rachakonda police on Wednesday in connection with the ongoing instant loan application case. The accused has been identified as Jian, a 26-year-old man from Jiangxi province in China, said police, a representative of Jia Liang Infotech Pvt Ltd, Pune. Previously, Rachakonda police arrested Liang Tian Tian, wife of Parusha Ram Lahu Takwe, director of the same company.
Along with Jian, 26-year-old Vivek Kumar, accountant Ajaya Solutions Pvt Ltd and Epoch Go Credit Solutions Pvt Ltd were also arrested. Both were arrested in Thane, Maharashtra. Police also froze a bank account with Rs 30 crore. Further investigation is underway.
The accused were arrested under sections 417 (punishment for cheating), 419 (punishment for cheating by impersonation), 420 (cheating and dishonesty), 504 (intentional insult), 506 (criminal intimidation), 384 (punishment for extortion) of the Indian Penal Code and section 66D (cheating by person using a computer) of the Information Technology Act. The police seized four laptops, two cell phones, Jian’s passport, debit card, and other items.
Jian arrived in India in July 2019 on a business visa, police said.
Ajaya Solutions Pvt Ltd, Bienance information technology Pvt Ltd, Epoch Go Credit Solutions Pvt Ltd, Truthigh Finetech Pvt Ltd and other companies provided instant loans through apps like Krazy bean, Krazy rupee, Cashplus, Rupee Pro, Gold bowl, First Cash, Genuine rupee among others, without having a valid license from the Reserve Bank of India.
Police said these instant loan mobile apps provide access to Chinese loan companies’ contacts, mobile information and other user data.
After a week of loan sanctioning, representatives of Jia Liang Company call borrowers for repayment, if they have not already done so. Jia Liang Infotech Pvt Ltd and Ajaya Solutions Pvt Ltd operated call centers to collect loan interest. While initially Pune-based Jia Liang Infotech Pvt Ltd collected the money through the call center, the operation was then outsourced to Ajaya Solutions.
If the borrower did not respond or refused to pay, call centers harassed him with verbal abuse and threats. Since the apps would have access to user data, they would call the borrowers’ relatives, friends and other contacts, insisting on paying off the loan at a higher interest rate. In addition, they create WhatsApp groups with the borrower and post the borrower’s photos, proof of identity, fake legal notices, abusive remarks and voicemail messages to humiliate the victim in the group, the group said. police.
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