Chinese national, 3 other people arrested for fraud of loan applications in Telangana

A Chinese national and three gang members have been arrested in an instant loan application fraud case in Cyberabad.

Cybercrime Police Cyberabad raided a call center named “Cubevo Technology Private Limited” (Skyline) located in the city and run by a Chinese national and arrested four operatives, including another Chinese national.

According to the police, its head office is located in Delhi under the name of “Skyline Innovations Technologies India Private Limited” which is registered in ROC, Gurgaon and its directors are Zixia Zhang and Umapati @ Ajay and they have developed 11 instant loan applications which offer loans to individuals. and collect huge repayments (including interest, processing fees, GST, default fees and once the loan period is over they charge a 1% penalty) and also resort to systematic abuse, harassment and threat of defaulters through call centers managed by them. They even blackmail borrowers by sending bogus legal opinions to loved ones and family members.

Recently, the Cybercrime Police Station, Cyberabad, registered eight cases against these loan applications and are under investigation.

Police said on December 17 a complaint was received from a person in which he said that due to his financial need he Google searched and downloaded the instant loan app and downloaded an Aadhaar card, a PAN card, a self-authentication photo, a three-month bank. declaration and took a loan of Rs 2,015 for 7 days and after deducting the amount of Rs 415 for GST and processing fee, they disbursed Rs 1,600 as the loan amount on 08-25-2020, after which he received calls from different mobile numbers and advised to take instant loan from their apps.

On their advice, he took a total loan amount of Rs 120,000 from 28 instant loan applications. Even though he paid the loan amount of 2,000,000 rupees with interest, he got calls from different cell phone numbers and operators started making abusive and threatening calls and also blackmailed him to quash. ‘he sends legal opinions. Therefore, he asked to take the necessary measures. Based on the above complaint, one case has been registered.

The accused Zixia Zhang, a Chinese national, and Umapati @ Ajay are on the run. While Yi Bai @ Dennis, a Chinese national, residing in Delhi, originally from Jiangxi, Shanghai, Southwest China, Satya Pal Khyalia, residing in Delhi from Sikhar district, Rajasthan, Aniriddh Malhotra, residing in Hyderabad, from Rajasthan, and Murathoti Richie Hemanth Seth resident of Hyderabad from Kadapa, Andhra Pradesh were arrested.

The list of loan applications is Loan Gram, Cash Train, Cash Bus, AAA Cash, Super Cash, Mint Cash, Happy Cash, Loan Card, Repay One, Money Box, Monkey box, etc.

Zixia Zhang, with the help of her Singapore-based company, has developed 11 instant loan applications offering loans to people between the ages of 20 and 40 with high interest rates. Then in December 2019, Zixia Zhang and Umapati established a company called Digipeergo Tech Pvt Ltd at first, then established Sky Line Innovation Technology India Private Limited and offered loans through the apps mentioned above.

To secure the repayments of the borrowers, they set up four other call centers in various parts of the country. Here is the list of call centers operating in different cities. Topfun Technologies Pvt Ltd, registered in Goa and office located in Gurgaon. Fasmate Technology Services Pvt ltd, office located in Gurgaon. Cubevo Technology Private Limited, office located in Hyderabad and Best Shine Technology Private Limited, office located in Hyderabad.

These applications are developed in such a way that when installing these applications, they have access to the contacts, mobile information and other data of the device. These applications collect proof of identity, PAN card, KYC documents, bank details of customers.

They verify the authenticity of the documents and pay small amounts in the form of a loan to their bank accounts by debiting the processing fee and GST or 25-30% in advance. There will be two loan term categories 1) 7 days and 2) 15 days. At the end of the due date, the customer is placed in a bucket list (S-0, S-1, S-2, S-3, M2, M3, X etc.). The smaller the bucket the loaner is in, the less the abuse and abuse and harassment increase with the larger bucket.

They abuse clients in foul language and threaten them with dire consequences. They even go so far as to access customer contacts from their phones and start abusing and threatening family members, relatives and friends with calls and messages.

Other scammers have set up call centers in different parts of South India where the operators call customers who are categorized into different compartments and demand huge refunds in abusive and threatening ways. They also blackmail innocent people by sending false legal notices. The tele-callers also suggest that the victims make the repayments by taking out a loan from their other loan applications. The customer falls into their trap by taking loans from other loan applications as suggested by the telephone operators and ends up paying huge sums and stuck in an endless cycle.

So far in the investigation, it is not clear whether these apps are connected to an NBFC or not. Police seized two laptops, four cell phones and 2 million rupees.

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Posted on: Saturday December 26th, 2020 09:42 IST

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