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Delhi Police busts Chinese app loan fraud, eight arrested

According to the police, the extorted money was routed to accounts in China, Hong Long, and Dubai by way of cryptocurrencies

New Delhi: The Delhi Police have arrested eight people for allegedly extorting money from people using their morphed pictures obtained through a bugged loan app, officials said.

The Intelligence Fusion and Strategic Operations (IFSO) unit of the Delhi Police busted the racket which allegedly offered loans through a mobile app, but in fact used the app to install a malware in the users’ phone to access their private data.

In its investigation, police found that the app Cash Advance’ (Danakredit), which was available for download on Play Store, offered loans to users, but its operators instead would use the app to hack users’ data.

According to the police, the extorted money was routed to accounts in China, Hong Long, and Dubai by way of cryptocurrencies.

They said the eight accused were arrested from Delhi, Jodhpur, Gurugram, and other parts of the country.

The scam was exposed when a Delhi-based woman, a victim of the app, filed a complaint with the police alleging that she was being harassed by a few people for money.

The woman in her complaint said that she had taken a loan from Cash Advance app and had paid the money back.

But afterwards, she began getting calls for money from some people, who used abusive language with her and even sent her morphed pictures to her family and…

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