Bhubaneswar: The Economic Offence Wing (EOW) of Odisha arrested two more fraudsters for their involvement in the illegal loan App case.
According to reports, Rakshith and Sushanth of Udupi District in Karnataka were arrested by the EOW from Bhubaneswar in EOW PS Case No.9 dated 21.04.2022 U/s 294/506/507/420/467/468/120-B IPC & 66 D of IT Act, 2000.
Both Rakshith and Sushanth are the directors of companies – Mudmate Technologies Private Limited, Yellow Tune Technologies Private Limited and Pinkleaf Aryan Communications Private Limited. They will be produced before the Court of SDJM in Bhubaneswar today.
Rakshith and Sushanth being the Directors of the above companies in connivance with others were facilitating the transaction of illegal lending and recovery process of the loans given through illegal digital loan apps like KOKO, JOJO and many other Apps. They were doing this in connivance and collaboration with many other shell companies like IWT-India etc. they were also managing a call centre from Bangalore which used to make threatening and humiliating calls and massages to victims loanees and their contacts.
Both of them are said to have disclosed many important information which gives indication towards a very complex and well organized racket, the details of which is being investigated.
Earlier accused Md. Javed Saifi the proprietor of IWT-India and Sri Tarun Kumar Dudeja, the Proprietor of Digital Batua and other dubious/Shell companies have been arrested in…