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Assam gang dupes scammers behind Chinese loan app; held by Mumbai crime branch
Updated On: 17 November, 2023 06:48 AM IST | Mumbai | Faizan Khan
A bunch of youngsters from Assam use fake documents to take loans worth crores from Chinese thugs and disappears; get caught after turning their attention to genuine NBFCs in India
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The 5 accused in crime branch custody
The scammers behind the Chinese loan app scheme, exploiting and harassing thousands of Indians by posing as easy loan providers, faced retribution from a group in Assam. Using counterfeit Aadhaar and PAN cards, they duped loan apps, pocketing substantial amounts. Held by the West Region Cyber Cell of the Mumbai Crime Branch, the individuals admitted that their inspiration came from a case involving people deceived by loan app operators.
In the last year alone around 140 individuals have been arrested by the local police. Representation pic
Initially, they secured small loans through forged documents, starting at Rs 5000 to 15000. As they progressed, they targeted NBFCs (Non-Banking Finance Company), managing to secure loans ranging from Rs 10 lakh to one crore using falsified paperwork.
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