Telangana:Chinese national among four arrested in loan scam

In Telangana, a Chinese national and three members of a gang have been arrested in an instant loan apps fraud case at Cyberabad. Cyber Crime Police, raided a call centre named "Cubevo Technology Private Limited" (Skyline) located in the city headed by a Chinese national and arrested four members including another Chinese national. As per the police, its head office is located in Delhi named "Skyline Innovations Technologies India Private Limited" which is registered in ROC, Gurgaon and its Directors are Zixia Zhang and Umapati Ajay and they developed 11 Instant Loan applications which offer loans to individuals and collect huge repayments (including interest, processing charges, GST, Default charges and once loan period is over they charge 1% penalty) and also resort to systematic abusing, harassing, threatening of the defaulters through call centers run by them. They even blackmail the borrowers by sending fake legal notices to their relatives and family members. Three members have been arrested from Bangakuru on Friday. 

Recently Cyber Crime Police Station, Cyberabad has registered eight cases against these loan applications and investigated into. Police registered a complaints on December 17 and started investigation.The accused Zixia Zhang, a Chinese national, and Umapati Ajay are on the run. While Yi Bai Dennis, a Chinese national, resident at Delhi, a native of Jiangxi, Shanghai, southwest China, Satya Pal Khyalia, resident of Delhi native of Sikhar District, Rajasthan, Aniriddh Malhotra, resident of Hyderabad, a native of Rajasthan, and Murathoti Richie Hemanth Seth resident of Hyderabad native of Kadapa, Andhra Pradesh have been arrested. List of loan applications are Loan Gram, Cash Train, Cash Bus, AAA Cash, Super Cash, Mint Cash, Happy Cash, Loan Card, Repay One, Money Box, Monkey box, etc.

According to police, Zixia Zhang with the help of his Singapore-based company developed 11 Instant loan applications offering loans to individuals aged between 20-40 years with high-interest rates. In December 2019, Zixia Zhang along with Umapati established a company called Digipeergo Tech Pvt Ltd initially and then established Sky Line Innovation Technology India Private Limited and offered loans through the above-mentioned applications. To get the repayments from the loan borrowers they have set up four more call centres in various parts of the country. Following are the list of Call Centres operating in various cities. Topfun Technologies Pvt Ltd, registered at Goa and Office located at Gurgaon. Fasmate Technology Services Pvt Ltd, Office located at Gurgaon. Cubevo Technology Private Limited, Office located at Hyderabad and Best Shine Technology Private limited, office located at Hyderabad.

These applications are developed in such a way that on installing these apps they get access to the contacts, mobile information, and other data on the device. These applications collect the Id proofs, PAN card, KYC documents, bank account details of the customers.  Police have seized two laptops, four cell phones, and Rs 2 crore. It is said that nearly 350 telecallers were working at Cyberabad call centre.