An instant loan application scammer gang has been dismantled in Hyderabad; 4 members, including a Chinese national, arrested | India News


Hyderabad: A call center named “Cubevo Technology Private Limited” (Skyline), run by a Chinese national, was raided on Friday by the cybercrime division of Cyberabad police. Police arrested 4 members, including the Chinese national.

The head office of the company named “Skyline Innovations Technologies India Private Limited” is located in Delhi and is registered in ROC, Gurgaon. The company has developed 11 Instant Loan applications that offer loans to individuals and collect huge refunds including interest, processing fees, GST, default fees.

The company imposed a 1% penalty after the loan period was over and resorted to systematic abuse, harassment and threat of defaulters through call centers run by them. They even blackmailed borrowers by sending bogus legal notices to loved ones and family members.

Recently, a cybercrime police station, Cyberabad, registered eight cases against these loan applications and launched an investigation. Police received a complaint from a person on December 17, 2020, in which he said that for his financial needs he searched Google and downloaded the instant loan app and downloaded an Aadhar card, PAN card, photo of ‘self-authentication, a 3-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 fees, they disbursed Rs 1,600 / – as the loan amount on August 25 2020.

After that he got calls from different mobile numbers and advised to take an instant loan from its applications. On their advice, he took a total loan amount of Rs 120,000 / – from 28 instant loan applications. Even though he paid the loan amount of Rs 2.00,000 / – with interest he got calls from different cell phone numbers and callers started making abusive and threatening calls and blackmailed him as well. to send legal opinions. Therefore, he asked to take the necessary measures and filed a complaint.

The accused are Zixia Zhang, a Chinese national (at large); Umapati @ Ajay R / o Delhi (on the run); Yi Bai @ Dennis, a Chinese national, R / o Delhi, N / o Jiangxi, Shanghai, southwest China; SatyaPal Khyalia, R / o Delhi N / o Sikhar Dist, Rajasthan; Aniriddh Malhotra, R / o Hyderabad, N / o Rajasthan; and Murathoti Richie Hemanth Seth r / o Hyderabad N / o Kadapa, Andhra Pradesh.

Zixia Zhang, who is of Chinese nationality, is the mastermind behind the entire operation. Together with Umapati @ Ajay, he established a company named “DIGIPEERGO TECH PVT LTD” on December 2, 2019, and then incorporated “SKYLINE INNOVATION TECHNOLOGY INDIA PRIVATE LIMITED” with the help of sister company XIKAI HOLDING PTE LIMITED based in Singapore. He developed instant loan apps and hosted them on Google Play Store. He also set up a few other companies as call centers in various locations in India and hired telephone operators to collect refunds from customers.

Umapati @ Ajay is a resident of Delhi. He works for Zixia Zhang and is co-founder of SKYLINE INNOVATIONS TECHNOLOGY INDIA PRIVATE LIMITED ”. It manages the bank accounts linked to all the companies.

Yi Bai @ Dennis is a Chinese national and Chief Operating Officer (COO) of XIKAI HOLDING PTE. LIMIT. In February 2020 he came to India on a business visa and since then he has been working as Business Development Director of Skyline Company. With Satyapal, he identifies new locations and sets up new call centers across India.

SatyaPal Khyalia is from Sikar district in Rajasthan. He completed an MBA. Previously he worked in a similar instant loan application company in Bangalore. In January 2020, he was appointed Liaison and Risk Control Manager at Digi Peergo Tech Pvt Ltd. He is also one of the directors of TopFun Technologies Pvt Ltd. He helps Yi Bai set up new call centers.

Aniruddh Malhotra is originally from Rajasthan. He studied B.Com. In July 2020, he joined Skyline Company as Operations Manager. He was promoted and sent to Hyderabad to manage the new branch of call center named BEST SHINE TECHNOLOGIES PVT LTD established on November 30, 2020.

Murathoti Richie is from Kadapa district in Andhra Pradesh. He also worked in a similar instant loan application company in Bangalore and was a colleague of SatyaPal Khyalia. In August 2020, he joined Skyline Company as Director of Operations. He was trained and sent to Hyderabad to manage the new branch of call center named CUBEVO TECHNOLOGIES PVT LTD which was established on September 7, 2020.

Instant loan applications include 1 gram of loan; 2- Cash train; 3- Cash Bus; 4-AAA in cash; 5- Super Cash; 6- Cash; 7- Bon Cash; 8-Loan card; 9-Refund one; 10- Piggy bank; and 11-box monkey etc.

The fraudsters have adopted the following Modus Operandi:

Zixia Zhang, with the help of her Singapore-based company, has developed 11 instant loan applications offering loans to people between the ages of 20 and 40 with high interest rates. In December 2019, Zixia Zhang and Umapati established a company called DIGIPEERGO TECH PVT LTD and then established SKY LINE INNOVATION TECHNOLOGY INDIA PRIVATE LIMITED and offered loans through the aforementioned apps.

To secure the repayments of the borrowers, they set up four other call centers in various parts of the country. Here is the list of call centers operating in different cities.

1. Topfun Technologies Pvt Ltd, registered in Goa and office located in Gurgaon.
2. Fasmate Technology Services Pvt Ltd, office located in Gurgaon.
3. Cubevo Technology Private Limited, office located in Hyderabad.
4. Best Shine Technology Private limited, office located in Hyderabad.

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 applications collect proof of identity, PAN card, KYC documents, bank details of customers. They verify the authenticity of the documents and deposit small amounts in the form of loans to their bank accounts by debiting the processing fee and GST or 25-30% in advance. There will be two loan term categories 1) 7 days and 2) 15 days.

At the end of the due date, the customer is placed in a bucket list (S-0, S-1, S-2, S-3, M2, M3, X etc.). The smaller the bucket the loaner is in, the less the abuse, and the abuse and harassment increases with the larger bucket. They abuse clients in foul language and threaten them with dire consequences.

They even go so far as to access customer contacts from their phones and start abusing and threatening family members, relatives and friends with calls and messages.

In addition, the scammers have set up call centers in different parts of South India where the operators call the customers categorized into different categories and demand huge refunds in an abusive and threatening manner. They also blackmail innocent people by sending false legal notices.

The operators also suggest that the victims make the repayments by taking out a loan from their other loan applications. The customer falls into their trap by taking loans from other loan applications as suggested by the telephone operators and ends up paying huge sums and stuck in an endless cycle.

So far, the investigation as to whether these apps are connected to an NBFC or not is clear. The applications developed by these companies are involved in various cases registered across the state.

Police seized laptops – 2, cell phones – 4 and an A / c bank with an amount of Rs 2 crore. The police issued a notice of general interest:

1. Do not download Insta loaner apps from the Play Store or other sources that do not have the proper licenses from government authorities.
2. Do not share your personal and bank details with anyone.
3. Please go through the terms and conditions and check the licenses of the companies offering the loans, if they have been obtained from the relevant authorities such as RBI, Dist Collector.
4. Do not download any application that requests access to contacts, files, gallery.


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