Three die as a result of harassment from online lenders in Telangana; probe on
In Telangana, at least three cases of suicide due to harassment of employees of money lending applications have been reported in the past month. Those who died include a 29-year-old technician, a 23-year-old farmer and a 28-year-old woman.
Authorities are on high alert after the deaths, and an investigation by a police team has revealed that at least 60 of these loaner apps are available on the Google Play Store.
âThese apps, managed by certain names, are not registered or recognized by the RBI as a non-bank financial corporation (NBFC). Therefore, their operations are completely illegal. Hosting these apps also violates certain conditions imposed by Google application Google can be asked to remove these applications. Most applications have similar privacy policies which collect almost all user data, available in the phone, and thus violate the user’s privacy of all manners, “said a senior Telangana official. police officer.
The investigator said that although under the 2011 Information Technology Rules (Intermediate Guidelines) applications are expected to provide the names of their grievance officer along with contact details, details provided by almost all of these apps are bogus.
On Friday, a software engineer from Rajendranagar, Cyberabad of Hyderabad, committed suicide over threats made by representatives of instant loan mobile application companies. The 29-year-old technician, P Sunil, worked as a software engineer but lost his job during the coronavirus pandemic. âTo clear his debts and meet his regular expenses, he started taking out loans on instant loan applications. When he failed to repay the amount – nearly 2 lakh – to the companies involved, some of between them began to blackmail him. They also threatened to do so will contact his family members and friends. His father and wife received calls from said app companies, who declared Sunil defaulter .. . “, said an investigating officer of the Cyberabad police. Making calls to friends and relatives violates Rule 3 (2) of the Information Technology Rules 2011 (Intermediate Guidelines).
Based on the complaint filed by the wife of the late Sunil, one case has been registered and further investigation is underway.
POLICE NOTIFY …
According to Telangana Police, the deceased used to take instant loans from apps such as InsCash, CashEra, CashLion, Mastermelon, Lucky wallet, Coco cash, Rupee Pus, Indian Loan, Credit finch, Tap credit, Ratheon Loan, Cash port, Smile Loan, Credit day, Cash today, Lucky Rupee, Go Cash, Snapit Loan, Loan Zone, Quick Cash, panda rupees, Play cash, Dhani, Lazy Pay, Loan Tap, IPPB Mobile, Micredit , Quick Credit, Cashon, Rupees Plus, Rupee Now, Elephant Loan, Ant cash, Quick Money and Alp Cash.
The police are investigating these applications and the transactions made by the deceased. It is also suspected that the app companies would have obtained his sensitive data such as contacts, photographs of customers’ cell phone numbers, and use it to blackmail or slander customers for reimbursement. Police have told internet users to stop taking loans from unauthorized lending apps.