Multi-Crore Loan Apps Scam Caught In Hyderabad, Gurgaon; RBI Warning Out | Read

PUBLISHED ON: December 23, 2020 | Duration: 3 min, 14 sec

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Hyderabad Police have frozen 75 bank accounts holding ₹ 423 crore in connection with a multi-crore money lending scam - that charged victims up to 35 per cent interest - conducted via 30 mobile phone apps that were not approved by the Reserve Bank of India (RBI).
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