Andhra Pradesh: Loan application case investigation finds links to servers operating from Pakistan, China

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Operators recruited software professionals to create applications and links for financial transactions; they made a business of about ₹100 crore, police say

Operators recruited software professionals to create applications and links for financial transactions; they made a business of about ₹100 crore, police say

Police have sounded the alarm as investigation into loan app fraud and harassment cases found links to servers operating in Pakistan, China, Bangladesh, Nepal and others country. Police have also stepped up surveillance of lending app operators.

Decoys IT Core Team and Krishna District Cybercrime Police, who were camped at different locations, busted the racket with links to suspected ISI agents, police said.

Cases have been registered against loan application operators and officers in Kankipadu, Machilipatnam, Penamaluru, Atkur and Gudivada Rural police stations. Similar cases have also been recorded in Telangana and other states.

Police arrested ten commissioners and debt collectors operating from different states. The police claim that the loan operators carried out illegal business transactions worth millions of rupees. More than ten people have died in Andhra Pradesh in recent months, allegedly unable to bear the harassment of traders and loan officers.

“Investigators have found that the addresses of these lending app operators and the WhatsApp numbers used in the transactions have links to Pakistan, Bangladesh, China and Nepal. The accused used to send unique links for money transactions to evade police and investigative agencies,” Krishna District Police Superintendent P. Joshua said.

Commissionaires and debt collectors used bank accounts opened in branches in Uttar Pradesh, Maharashtra, Delhi, Telangana, Gujarat, Madhya Pradesh, West Bengal, Rajasthan and Karnataka. The defendants were using Voice Over Internet Protocol (VOIP) technology to make calls to borrowers, he said.

“We are trying to find out if ISI agents were exploiting the apps. Bank accounts, phone numbers, social media groups used by operators and loan application agents are under scanner. »Father Joshua. Krishna District Police Superintendent

“Loan operators disbursed loans through “Well Credit-Gold Credit”, “Magic Loan App”, “FF Loan”, “Buddy Loan”, “True Loan”, “Great Loan” and other apps. We verify the email accounts, KYC, call data, PAN details, bank addresses, IFSC codes that the accused was using.The app links IP addresses and WhatsApp numbers used by some of the accused were traced back to Rawalpindi in Pakistan and various towns in Bangladesh, China and Nepal,” the PS said.

Investigations revealed that the accused had a habit of destroying SIM cards after using them for an operation. Once the operator receives the amount through the link, it will automatically disappear.

Those arrested are debt collectors who received commissions through social media platforms and banks. Lending application operators used to hire software professionals to create applications and links for financial transactions. Lending app operators have made a business of around ₹100 crore, Mr Joshua says.

“We are trying to find out if ISI agents were exploiting the apps. Bank accounts, phone numbers, social media groups used by loan app operators and agents are under scanner,” the SP adds.

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