Wed, Dec 27, 2023
In the advisory issued on Tuesday, the IT Ministry directed that "intermediaries and platforms should take additional measures to not permit any advertisements of illegal loan and betting apps having the potential to scam and mislead the users, the consequences of which will be the sole responsibility of the intermediaries and platforms".
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Tue, Sep 26, 2023
The government has taken several measures to tackle the rising scams by illegal loan apps. Always download the apps of trusted banks and NBFCs to avoid such loan scams.
Mon, Aug 22, 2022
Zee Business campaign 'Operation Hafta Vasooli' impact continues as Delhi Police recently arrested 22 people for sending Rs 500 crore to China through Hawala route or investing in Crypto-Currency. More than 100 apps are involved in such a huge extortion racket through mobile loan apps. Delhi Police had received hundreds of complaints that instant loan applications were disbursing loans at high rates and even after the loan is repaid, they are extorting money using nude photographs. Those who were in need of small loans ranging from Rs 5,000 to Rs 10,000 are being forced to pay in lakhs as well. Watch this special report of Aapki Khabar Aapka Fayda.
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