Mumbai cyber police arrest 14 in online instant loans racket | Bombay News

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Police said the defendants were arrested in Bengaluru, Andhra Pradesh, Gurgaon, Mumbai and Uttarakhand.

MUMBAI: Mumbai Cyber ​​Police have arrested 14 people who were part of a racket involved in harassing people through mobile phone apps offering instant loans, an official said on Friday.
Cyber ​​police froze 350 bank accounts, including Rs 14 crore and cryptocurrency worth $2.17 lakh, Co-Commissioner (Crime) Suhas Warke said.
The fraud and harassment came to light when a complaint was filed in May this year and following an investigation, the arrests were made over the past two weeks, the official said.
When applying for instant loans on mobile phone apps, all of the applicants’ personal data would go to the defendants’ company, which they then used to harass people who failed to repay the loans, he said.
The accused allegedly processed obscene images of the victims who failed to repay the loans or failed to pay the interest and disseminated them to their friends and family members, the official said.
The defendants were arrested in Bengaluru (Karnataka), Andhra Pradesh, Gurgaon, Mumbai and Uttarakhand, he said, adding that a new investigation is ongoing.

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