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The sleuths of SOT, Balanagar and Pet-basheerabad police nabbed 3 members in connection with instant personal loan apps and loan apps operated are Rupee Plus, Kush Cash, Money More, Cashmap connected companies are 1) Flash Cash Private Ltd with Directors Hemanth Kumar Jha 2) Juss IT with directors Ashwin and Sandeep and 3) TGHY TRUSTROCK PVT LTD with director KALSANG TENZING of Bhutan.
Brief facts of the case:
On 02-01-2021 received a complaint at PS Pet-basheerabad in which the complainant M Santosh kumar S/o M Sailu, Age 33 years, Occ Private Employee, R/o H. No.7-123, K.V Reddy nagar, Gundlapochampally, Stated that for the past 12 years the complainants brother in law namely Chandra mohan s/o Late Rajalinga, age 38 years, occ private job at Spencer, Gundlapochampally was staying at Laxminagar, Gundlapochampally along with his family. Due to financial crises he borrowed amount from different online Apps i.e., 1.PAN BAN-9350356685, 2.CASH MAP-8220465341, 3.RED CORP-9758979734, 4.RUPEE PLUS-8595589987, 5.KUSH CASH-9481714307, 6. FIX CASH, 7.RUPEE INSTANT- 8.MONEY MORE, 9.HOME CREDIT, 10. CASH GO, 11. CASH SEED, and paid installments to the tune of rupees 200,000/-(two lakhs) to the said apps, however for the past few months he could not pay installments due to which they said financial apps subjected him for harassment and driven to commit suicide by hanging to the ceiling fan hook with rope and died on 02.01.2021 in between 12:00 hours to 12:30 hours. As such he requested for taking legal action. A case in Cr. No. 06/2021 U/s 384, 420, 306 IPC and Sec 67 of information Technology Act-2000 is registered and investigated into.
In this case, investigation was taken up. The investigation revealed that the operations of the above mobile apps were operated from different parts of the country i.e., at Delhi, Bangalore. Accordingly teams formed with Special Operations Team, Cyberabad and Pet-basheerabad police to apprehend the accused persons. After continuous efforts, three persons were taken into custody.
Hemanth Kumar Jha s/o Bumlendar Kumar Jha, Age : 28 yrs, Occ:
Director of Flash Cash Pvt limited, Gurugaon, Haryana r/o Bhagalpur village and Taluk, Bihar State.
- Manjunath s/o Venkatesh, Age: 28 yrs, Occ: HR Manager at Juss IT
Technologies Pvt LTD., Bangalore r/o 6th block, Opp Koramangala police station, Bangalore
- Abdul Lauk s/o Abdul Sattar Age: 25 yrs, Occ: Manager/Team leader at
TGHY Trust rock PVT limited, JP Nagar, Bangalore r/o Tarikeri village, Chikmanglore District, Karnataka State.
MODUS OPERANDI:
These persons who are operating different online app companies are offering small loan amounts with different apps and collecting repayments by way of harassment and blackmailing. The said loan apps are available in Google play store. There are a lot of innocent people who got attracted and lost their amount and got cheated.
Three different companies which were operating around 3 to 5 apps have given loan to the deceased were identified. A-1 Hemanth developed his company own apps with the help of one Michael of China and was running his office at Gurgaon, Haryana state for maintaining the database of the customers and placed them in Google play store for easy download and available to customers. Similarly Manjunath and Abdul Lauk who are working for two different companies at Bangalore also adopting the same. Three companies, i.e., Flash Cash Pvt limited, Gurgaon, Haryana Juss IT Technologies Pvt LTD., Bangalore and TGHY Trust rock PVT limited, JP Nagar, Bangalore designed mobile Apps namely ‘Rupee Plus, Credit Finch, Paisa Pinch, Ok Rupee, Krazy cat, Kush caseh, Fly cash, Money More, U cash’ and were kept available in google play store.
After issuing loan to customers from their app for a period of 07 days, they divide all the customers into different categories and make collections in the following methods, i.e.,
- First Preference Call Second Send normal messages Third send messages in whatsapp Fourth send messages through email
- Final method call relatives and defame
To recover the loan from customers they practice different methods depending upon the dues they are in, lesser the day after due date, lesser the treatment otherwise treatment will be very harsh, threatening and abusive. They also access the contacts of relatives and friends of the customers and send them WhatsApp messages defaming the defaulter.
These companies operates different bank accounts to provide loans to customers and loan amount paid by the customers comes to other Nodal account which in turn pays it to the NBFCs (Non-Banking Financial companies). They are collecting 35% interest rate PA from the customers whoever repay the loan amount on time. They impose huge penalties on the customers whoever becomes defaulter and start the harassment soon after they exceed their due date.
In this case, notices will be issued to all NBFCs and their managing directors and also notice to Google has been addressed to take down the applications because of their criminal activities.
Seizure:
Total of Laptops -2Mobile Phones -5Bank accounts – 7 bank accounts and frozen an amount Rs. 65 lakhs.
Advisory to general public:
- Don’t download any Instant Loan Apps from Play store or other source which are not having proper licences from Government authorities.
- Don’t give your personnel and bank credentials to anyone.
- Please go through the terms and conditions and verify the licences of the companies whoever offering loans, whether they obtained permission from the concerned authorities like RBI, District Collector.
- Don’t download any App who asks to give access to the contacts, files, Gallery.
- Approach to nearest police station immediately whenever such harassment calls comes to anybody.
