Chinese Woman Among 3 Held For Loan Apps Fraud In Telangana

In continuing crackdown on instant app-based lenders, the Telangana police on Sunday said it has busted a Pune-based call centre allegedly used for harassing borrowers of online app firms for recovery and arrested three people, including a Chinese woman.

The trio was arrested based on a complaint by a city-based person that he was harassed by the online loan app firms over repayment with higher rate of interest, police said.

The action comes close on the heels of the arrest of four people, including a Chinese national, here on Friday for allegedly using coercive methods to recover dues from defaulters who had used 11 instant loan apps developed by them and availed loans.