Three die due to harassment from online lenders in Telangana; probe in


In Telangana, at least three cases of suicide due to harassment by money-lending app employees were reported in the past month. The deceased include a 29-year-old techie, a 23-year-old farmer and a 28-year-old woman.

The authorities are on alert after these deaths, and an investigation by a police team has found that at least 60 of these lending apps are available on the Google Play Store.

“These apps, run by certain names, are not registered or recognized by the RBI as a Non-Bank Finance Company (NBFC). Therefore, their operations are completely illegal. Hosting these apps also violates certain conditions set by Google App store. Google can be asked to remove these apps. Most of the apps have similar privacy policies that collect almost all user data, available on the phone, and thus violate user privacy in every way said a senior Telangana Police Officer.

The researcher has said that while under the Information Technology (Intermediary Guidelines) Rules 2011, apps are supposed to provide the names of their complaints officer along with contact details, the details provided by almost all these apps are fake.

On Friday, a software engineer from Rajendranagar, Cyberabad of Hyderabad reportedly committed suicide due to threats from representatives of instant loan mobile app companies. 29-year-old technician P Sunil used to work as a software engineer but lost his job during the coronavirus pandemic. “In order to settle his debts and meet regular expenses, he started taking loans from instant loan apps. When he did not pay the amount (nearly 2 lakh) to the concerned companies, some of them started blackmailing him. They also threatened him that they will contact him.” with his family and friends. His father and his wife received calls from said app companies, who declared Sunil delinquent…”, said an investigative officer from the Cyberabad Police. Making calls to friends and family violates Rule 3(2) of the Information Technology (Guidelines for Intermediaries) Rules 2011.

Based on the complaint filed by the wife of the late Sunil, a case was registered and further investigation is underway.

THE POLICE ALERT…

According to the Telangana police, the deceased used to take instant loans from apps like 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 app companies allegedly obtain their sensitive data, such as contacts, photos of customers’ cell phone numbers, and use them to blackmail or defame customers into paying them. The police have asked netizens not to take loans from unauthorized loan applications from now on.

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