Lending app racket: Mumbai police arrest 14 people, seize 211 SIM cards and 39 phones
Mumbai police busted a lending app racket in which the cybercrime branch arrested 14 defendants across India on Friday. The accused was arrested in connection with more than 200 fraudulent online instant loan applications. However, the police did not mention the name of these applications. In a Mumbai police statement, they froze 360 bank accounts with ₹14 crores and $2.17 lakh in over 50 crypto wallets. Separately, police also confiscated 211 SIM cards, 39 cellphones and 19 laptops on Friday.