Chennai: Two Chinese language and as many Indian nationals have been arrested for allegedly working immediate mortgage apps, police stated on Saturday. Investigation, based mostly on a criticism right here, revealed the prime accused to be working from China, the police stated.
The 2 Indians had been working the decision centre from Bengaluru and had employed over 100 folks to offer fast on-line loans, they stated. Every worker had been requested to sanction immediate loans to at the least 10 folks in per week and threatened of being sacked in the event that they failed to take action, stated the police.
The Chinese language nationals ran the decision centre with the help of the 2 Indians. All of them have been arrested in Bengaluru on December 31, 2020 and January 1, 2021, in accordance with Chennai Commissioner of Police Mahesh Kumar Aggarwal.
The arrest was made following Ganesan’s criticism stating that he was subjected to agony, abuse, threats and harassment by the web mortgage app corporations over reimbursement with increased fee of curiosity, the Commissioner stated in a press launch.
It was additionally revealed that one other Chinese language nationwide was the top of the decision centre and he operated from China, the discharge stated. “We’re investigating whether or not the Chinese language are working loan apps focusing on solely India,” the Commissioner additional stated.
Of late, there have been many situations of app-based money-lenders harassing debtors over reimbursement, which led to suicides.
This story has been revealed from a wire company feed with out modifications to the textual content. Solely the headline has been modified.
— to www.livemint.com
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