Gurgaon cops say scam linked to fake firms allegedly extorting money in exchange for false promises of small loan.
Gurugram Police has said that the four suspects arrested in connection with a Chinese phone app loan racket were hired and trained by a man who was on board of several illegal companies involved in duping people, and added that illegal call centres were also set up at his instance.
Police said raids were conducted on the offices of Jillian Consultants India Private Ltd, a wholly owned subsidiary of Jilian Hong Kong Ltd., at Gurugram, Bangalore and Hyderabad.
The investigators said that the probe so far has revealed that the racket targeted mostly those who had low financial literacy and were not alert to the prospects of identity and data theft from their digital transactions.
Jasvir Singh, station house officer of Cyber police station West, said the suspects used to extort money from people in the name of providing small loan through China based/funded Loan applications.
In April, the Reserve Bank of India’s (RBI’s) working group found 600 illegal lending apps, which included 27, which were banned. With rising instances of digital fraud, the central bank is taking a relook at the ‘know your customer’ (KYC) norms to identify inadequacies and fill the gaps. In 2020, about 60.2 per cent of the cybercrime cases registered were related to fraud—30,142 out of 50,035 cases, according to the latest data from National Crime Records Bureau (NCRB).
DONTs:
Don't share your sensitive details like personal information or bank account, credit/debit card details with anyone.
Always use OTP for any transaction on your account/card/upi.
DOs:
Awareness about financial security is important
Verify the credentials of any apps before using it.
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