As transactions through digital platforms are increasing in recent times, crime through these platforms is also on the rise. Many loan apps and micro credit credits are targeting vulnerable and low income groups with loans of high interest rates and hidden charges followed by black mailing, extortion with criminal threats and recovery methods. They are causing more trouble by making them download the loan apps and stealing personal information like phone contacts, camera location.
Family photos, call recordings are morphed & sent to relatives, friends on social media. They are also collecting high interests by blackmailing and harassing mentally. Fake loan app companies lure with the promise of immediate loan approval without any guarantee documents and CIBIL score. Even after paying the entire loan they demand to pay more. RBI declared 600 apps as illegal and identified 137 fake loan apps running in the country without any approvals related to NBFC with a Chinese link.
Before downloading the loan app, visit rbi.org.in/scripts/bsnbfc… to know whether it is fake or true. So fat 75 loan app harassment cases have been registered in the state and 80 people have been identified and arrested. Loan app developers, play store which publishes loan apps who share through Whatsapp and other mediums, officials who support loan app applications, service providers who do not properly check KYC, banks and payment mediums who do not inform high current account suspicious transactions are liable for legal action.
DGP Mr. K.V.Rajendranath Reddy IPS, has appealed to the public not to download any loan app through unknown websites and links. Also he has appealed not to commit suicide due to fear of threatening calls, SMS, photo morphing and urged loan app victims to come forward and complain Police Station or call 1390.
