Sunday, 3 January 2021

Loan app case: Two Chinese nationals held

The Chennai police have arrested four people, including two Chinese nationals, and unearthed an extensive network of illegal micro-financing apps offering instant loans at interest rates as high as 36%. According to police sources, more than two dozen illegal apps which could have cumulatively disbursed Rs 300 crore in sums ranging from Rs 5,000 to Rs 50,000 to more than one lakh people across the country have been unearthed.

from Chennai News: Latest Chennai News Headlines & Coronavirus News Updates from Chennai - Times of India https://ift.tt/3pGOA4u


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