Three more retained in case of loan application

Three are from different companies that advance loans through mobile phone applications.

Three people, including the director of an app-based instant loan company, were arrested by Pet-Basheerabad police on Friday in connection with the ‘forced murder’ of a 36-year-old private employee on January 2.

The defendants have been identified as: Hemanth Kumar Jha, 28, Director of Flash Cash Pvt Ltd, Gurugram, V. Manjunath, 28, Human Resources Manager of Juss IT Technologies Pvt Ltd., Bengaluru, and of 25 years. – old Abdul Lauk, manager and team leader of TGHY Trust Rock Pvt. Ltd, Bangalore.

The companies operated the Rupee Plus, Kush Cash, Money More, and Cashmap apps. Juss IT directors Ashwin and Sandeep and a TGHY Trust Rock’s Kalsang Tenzing from Bhutan are at large, Balanagar DCP PV Padmaja said on Friday.

She said the victim, Chandra Mohan, borrowed money from more than 11 instant loan applications and paid more than ₹ 2 lakh. However, when telefielders from those companies harassed him into paying extra money, he resorted to extreme stride at his residence.

During the course of the investigation, the police discovered that the apps that Chandra Mohan borrowed from were operated from different parts of the country, including Delhi and Bengaluru. Special teams were formed and three people were arrested.

Explaining the modus operandi, Padmaja said that the defendant advanced small amounts as a loan through different applications and recovered the money by harassing and blackmailing the borrowers.

She said defendant Hemanth developed the apps with the help of Michael from China and operated the Gurugram firm to maintain the customer database.

Similarly, Manjunath and Abdul Lauk, who worked for two different companies in Bengaluru, developed their own apps and “looted” people, the official said.

The police froze more than ₹ 65 lakh in seven bank accounts and confiscated two laptops and five mobile phones from their possession.

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