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Chinese loan app News

04 Sep 2022

Paytm says no link with Chinese loan merchants under ED scanner

One97 Communication denies any link with merchants under ED scanner. Paytm said that none of the funds frozen by the Enforcement Directorate (ED) belongs to it . ED conducted raids Razorpay, Paytm, and Cashfree premises on Saturday.

25 Aug 2022

DNA: Why the 'business' of Chinese loan apps is dirty?

An engineer committed suicide by hanging himself after killing his wife and two children in Indore. Chinese loan apps are responsible for this horror. Engineer Amit Yadav had taken a loan from these but he lost the will to live while trying to pay high interests on the loan.

Chinese loan app

03 Apr 2022

Delhi Police busts Chinese loan app fraud, 8 held

Delhi Police has arrested eight persons for extorting people on the pretext of providing loan. The accused were using a Chinese loan application to provide loans. A team of callers who used to make calls to the loan seekers who had taken a loan from their app.

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