Online Loan Application Fraud | Andhra Pradesh DGP issues POS for investigation

Take strict action, Jagan Mohan Reddy told police.

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Wednesday called on the police to reserve these cash loans through fraudulent online microfinance apps and harass borrowers, and take severe action against them. against.

Mr. Reddy, who reviewed the operation of these apps with the Director General of Police, D. Gautam Sawang, called on the police to respond to complaints and act severely against the organizers of the app.

Referring to the online racketeering, Sawang said instructions have been given to Inspectors General, Range DIGs, Police Commissioners and Police Superintendents to take complaints seriously and prosecute them. responsible for harassing borrowers.

“The police are working to identify these fraudulent online app organizers. Victims can file a complaint with the nearest police stations. They can also register their complaints through the AP Police Seva app, dial 100 or the “112” helplines, ”the DGP said.

Mr. Sawang released the standard operating procedures prepared by the Criminal Investigation Department for handling complaints about online instant loan applications at the PA police headquarters.

“Complaints can be made to the local police, the RBI ombudsman, under the Ombudsman for Digital Transactions program, 2019, and also to local courts under the Usury Loans Act. 1918 ”, said CID Additional DGP PV Sunil Kumar.

Problematic applications

CID officials said “Quick Cash”, “Loan Cloud”, “InstaRupee Loan”, “Get Rupee”, “ePay Loan”, “Panda”, “EasyLoan”, “Ocash”, “Cashmap”, “Cash Post “, ‘Rapid Rupee’, ‘Rupee Loan’, ‘CashTM’, ‘Credit Free’, ‘Readycash’, ‘Robocash’, ‘Udhaar Loan’ are some of the problematic digital instant loan applications.

The organizers of the app (lenders) use abusive language and threaten borrowers. They also collect high interest. Police will take severe action against the organizers, the DGP warned.

Vijayawada Police Commissioner B. Srinivasulu said he had received numerous complaints and cases had been registered against the organizers of the app.

Identified callers

“We found the appellants in about 70 cases. The defendants have been located in Noida, Grugram, Delhi, Rajasthan and other places. Cybercrime police identified the accused through his phone calls, ”Srinivasulu said. The Hindu.

Some people, including several women, have taken out loans worth 5,000 to 1.50 lakh through Instant Cash, Star Credit, Quick Money and other applications, an investigator said.

Mr. Sawang called on the public not to borrow loans from private microfinance applications, which were operated without any authorization.


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David A. Albanese