CCB nabs 3 over harassment for repayment in loan app case

News Network
December 28, 2020

Bengaluru, Dec 28: The Central Crime Branch (CCB) Cyber Cell Special squad has nabbed three people who had indulged in giving loans and collecting huge money in the name of interest, compound interest and broker charges on behalf of companies owned by Chinese people.

Police said on Monday that the arrested were identified as Syed Ahmed, Syed Irfan and Aditya Senapathy.

On getting complaint, CCB Cyber Crime cell launched raides on Ace Pearl Services Pvt., Ltd at Koramangala Extension in the City. To their surprise it was unearthed that four more firms also functioning there and all were giving loan through online and collecting interest, compound interest and charges. If loanees failed to give the money demanded they will be threatened with dire consequences.

Another surprise in store for the CCB was that other four firms were run by Chinese people that included Higelar Services Pvt., Ltd., Exceedwell Service Pvt., Ltd. Mascotstar Services Pvt Ltd. Aqua Stiller Pvt. Ltd., who were running apps like Loan App, Money day, Paise a Pan, Loan Time, Rupee Day, Rupee Kart in Cash. They were running Call Centers to collect loan amounts.

CCB sleuths have seized 35 Laptops, 200 basic mobiles of different companies, 8 Cheque Books of various banks, 30 sim cards of various companies.

In his complaint, a victim alleged that despite returning the loan taken along with interest they used to harass and demand the principal amount failing which he will be physically attacked.

Cyber Police have registered three cases under different Acts and are investigating.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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