Hyderabad Cops Track How Vulnerable Fall Into Digital Loan Trap

PUBLISHED ON: January 6, 2021 | Duration: 11 min, 10 sec

  
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The online loan app racket - unearthed by the Hyderabad Police - is proving to be deeper and wider. A probe that started with four firms has widened to 55 firms established in the last six months or so. From 27 bank accounts frozen with Rs 100 crore just a couple of days ago, the number has risen to least 358 bank accounts linked to 122 apps. Transactions in just a single payment gateway are adding up to Rs 8,000 crore. Telangana Police has asked Google to remove 286 loan apps operating illegally. NDTV's Uma Sudhir spoke to Shikha Goel, additional police commissioner of Hyderabad.
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