Employees were encouraged to float shell companies, which were later used to siphon off funds, in lure of earning more money
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The investigation of the arrested accused in the loan app scam have revealed that several employees of the digital lending companies, which were floated by Chinese nationals, were also lured to float shell companies in the lure of earning more money. The Chinese kingpins of the loan app racket, through which thousands of Indians were harassed, were encouraging employees to create more companies to get a monthly income running into lakhs. Several employees fell prey to this “offer” and formed companies using their personal details.
