Hyderabad and Cyberabad police arrested 17 people Tuesday, including many heads of app-based instant loan companies, for their role in lending at high interest rates and harassing the insolvent.

Cyber ​​crime police picked up such online companies and their call centers in their nationwide raids over debtor claims allegedly harassed by lenders India today.

Police said the defendants would use various methods, including threats and verbal abuse, to reclaim the amount from the people.

They would also access contacts of friends and relatives of the victim and send them WhatsApp messages defaming the debtor.

The police searched two locations in Udyog Vihar and Gurugram and three locations in Hyderabad that operated call centers for this purpose.

According to police, the Gurugram center employed 500 telephone callers and the Hyderabad centers employed almost 600 telephone callers.

“These call centers were used to persuade, harass, and intimidate people who were defaulting on credit. The call centers were operated on behalf of four companies, ”said Hyderabad Police Commissioner Ajani Kumar.

While the Hyderabad police have arrested 11 people related to these centers alone, the Cyberabad police arrested six people, including the CEO of an app company, related to the apps that provide instant loans.

“These phone callers used to take instructions from their supervisors in Indonesia. All of the operations of these credit apps appear to be managed by Chinese nationals. This was also discovered during an investigation into the multi-crore color prediction gaming app fraud.” where millions of rupees have been sent to mailbox companies registered as NBFCs, “said Anjani Kumar.

The police confiscated almost 700 laptops, servers, computer systems, etc. from the accused.

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