45 Filipinos and 1 Chinese national behind online loan scam arrested in Pasig city – Manila Bulletin

45 Filipinos and 1 Chinese national behind online loan scam arrested in Pasig City

Approximately 45 Filipinos and a Chinese national who were allegedly involved in an online money lending scam were apprehended by officers from the Philippine National Police – Anti-Cyber ​​Crime Task Force (PNP-ACG) in Barangay San Antonio, Pasig City, Saturday February 12.

The PNP-ACG has identified one of the suspects as Shihai Diao, a Chinese national believed to be the owner of the online lending app allegedly used in the scam.

In an interview with GMA news, Pol. Lt. Michelle Sabino of the PNP-ACG said she received complaints about online loan programs for two years, in which victims and their families were harassed and threatened if they were unable to repay their loans within eight days.

Sabino said the affected online lending apps first asked for the user’s permission to access their contact list before the loan was approved under its terms and conditions.

If the person accepted these conditions, the contact numbers of their phone were collected and saved by the application.

There have also been cases where collecting agents have asked users to download different apps in order to settle their payments. However, these transactions forced them to resort to more loans, which only increased their debts.

The online lending company did not have a certificate of authority or business license, according to the PNP-ACG.

Officers recovered 59 laptops, cell phones, documents and CCTV cameras as part of their Search Warrant, Seizure and Examination of Computer Data (WSSECD) operation. The suspects will be charged with violations of Republic Act (RA) No. 10175 or the “Cybercrime Prevention Act of 2012.” (Khrisciel Yalao)



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David A. Albanese