Chinese Man, Head Of Rs.21,000-Crore Loan App Scam, Arrested In Delhi

Thursday, 31 December 2020Newsdesk

The Hyderabad police have arrested a Chinese national as part of its ongoing investigation into a multi-crore online loan scam involving a large network of companies that charged interest as high as 36 per cent from their victims, and then harassed its borrowers.

New Delhi, 31 December 2020

As per news report of NDTV, Chinese national Zhu Wei (alias Lambo) was intercepted at the Delhi Airport on Wednesday when he was trying to leave the country. The 27-year-old, who belongs to China's Jiangxi province, was arrested today, the police said. According to the police, Wei is the overall head of operations of the illegal loan apps run by four companies - Aglow Technologies, Liufang Technologies, Nabloom Technologies, and Pinprint Technologies.

Source -NDTV