New Delhi: The Intelligence Fusion & Strategic Operations (IFSO) Unit of Delhi Police’s Special Cell has arrested two persons including a Chinese national for extorting money from people through instant loan applications, an official said on Wednesday.
The accused have been identified as Chinese national Yu Zhang, the mastermind behind the extortion racket and Vineet Jhaver, a resident of Haryana.
The police said that so far more than Rs 150 crore have been siphoned off through accounts provided by Vineet and Zhang.
The IFSO unit busted various modules of instant loan
In August this year, the IFSO unit busted various modules of instant loan applications having a Chinese connection, and arrested 22 people for allegedly siphoning off Rs 500 crore to China by the hawala route or by investing in crypto-currency.
The police said that multiple complaints were being received at the NCRP portal that instant loan applications are disbursing loans at higher rates and even after repayment of the loan, they are extorting money using morphed nude pictures.
“IFSO took cognizance of the same and started analyzing the complaints at NCRP. During the analysis of the complaints, it was found that more than 100 such apps are involved in the loan and extortion racket,” said Prashant Gautam, Deputy Commissioner of Police (IFSO).
All the apps were seeking access to personal data from the user
“It was also found that all the apps were seeking access to personal data from the user. After obtaining…
