New Delhi: Despite hundreds of lending apps being banned or removed of late, fraudulent loan applications targeting the middle class and financial unsavvy Indians are on the rise again. A similar case came to light in February this year when a woman alleged that she was being abused and threatened by some unknown persons who were sending her morphed and vulgar photographs to her family, friends and relatives through social media. She approached the IFSO unit of the special cell and lodged a complaint. Narrating her ordeal, the complainant said she had taken a loan from a Loan App, Cash Advance, which she repaid the same in time. However, after repaying the loan she started getting threat calls and messages on WhatsApp from Cash Advance employees.Also Read – Banking Scams and Frauds: How to Protect Yourself from Online Banking Fraud – Watch Video
Indians Falling Prey to Cyber Frauds
Of late, gullible Indians are everyday falling prey to the small amount of loans that they get through these Chinese-operated fake loan apps that are available on the Play Store. People are being defrauded to the tune of hundreds of crores of rupees everyday.
A similar case came to the Crime Branch of Delhi Police where a man alleged that he and his family, friends and relatives are being abused and also threatened by some unknown persons through some international and national WhatsApp mobile numbers, to repay the loan taken by the same “Cash Advance” application.
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