CHINESE
Scam is DESTROYING INDIANS
A dangerous scam is being carried out in our country Thousands of crores of rupees are being sent
out of country illegally Who knows how
many people lost their lives This is
loan app scam China's name is coming up
again and again in this How this scam
works How you can save yourself .
How Big
is the Issue
I will tell in this blog The
first I read about this was in July 2022
Police arrested 14 people And
said that they have made about 1000 people victims When I read the news, I understood that they were using 37
different loan apps To give loans to
people And then used to collect more
money from them To collect money, they
had 360 different bank accounts And 200
shell companies Along with 50 crypto
wallets These means were used to send
money outside This investigation took
place because in May 2022 One lady took
money from such loan app And then she
committed suicide 10 Chinese nationals
also came to light But this was a small
part of the big scam In August 2022
Delhi police said They have arrested 22
people in last 2 months Even from there
500 crores worth of scam has come to light
it's the same over there Here are
the names of the loan apps on screen RBI
said in 1100 such digital apps that give loans
About 50% are committing fraud april's
news also said the same thing that a
multi crore Chinese loan app scam came to light
I was shocked after that In Nepal
raids were conducted to stop such scams other
neighboring countries of China Like
Vietnam and Cambodia also has such news
How
does This Works
Then I realized that this scam is very big I understood the methodology I will tell you step by step First step is to target people people who don't have credit score Meaning people who are rejected by banks for loan due to incomplete paperwork Who will be these people? Students, housewives, or the people who have
less income These people are shown ads Do you need loan? We will give without paperwork don't do kyc
Download our app that's all To show their own app as legitimate they advertise that they have RBI's
permission We have contracts signed with
NBFCs Meaning non-banking financial
corporations don't fear Our app is very good In many cases on facebook, Instagram such ads
are run Even on whatsapp links are
forwarded Anything is shown like RBI permission, nbfc license Everything is fake Once you download their app After that they ask permission for simply 2
things Your contacts and media gallery Our habit is so bad that Our mind stops working seeing this We agree to everything Here the dirty game starts Because the money that we need is received but they don't tell anything upfront They say you can give in six months Something around 10% will be charged even after you pay everything, they don't
leave you Because their recovery process
is like a harassment unit There are many
people Some people would be the one who
got your contacts permission They will
call your contacts See your friend is a
loan defaulter The gallery access that
you gave They will take your photo and
make a poster That this person fled
after taking a loan They will circulate
this in your contacts They will threaten
you saying that you have violated some
terms and conditions You will be taken
to court Seeing you might give extra
money Then also they keep asking for
more They have made their call centers
in places like Pakistan, Bangladesh, Nepal, etc. Thus, it is difficult to trace it Even the call center units get 30% cut out of
recovery So, they go all guns blazing on
you With the fake legal threats, they
also do sexual harassments Especially
women are targets The gallery permission
that they take They morph such photos
from gallery to make dirty photos Threaten
to circulate it on social media Ask
money to prevent it People give money
out of fear Otherwise commit suicide There have been 7 such suicides that came to
light in past 2 months Which are because
of such loan app scams These are the
ones that came to light Who knows how
many there
Chinese
Involvement
And from when they are going on In July the scam that was exposed was
operating from 2018 As per Mumbai police in these loan app scams Chinese involvement
is huge a Chinese national was arrested
from delhi airport In a 21000cr loan app
scam You will read many headlines
regarding these scams
The
Rise in this SCAMS
direct Chinese involvement is clearly visible These loan app scam people are so evil that They target the most economically weak during pandemic RBI had waved off the
interest on loans up to 2cr It was such
a bad situation These scammers were
operating from 2018 And have become
super viral Now they have roots deep in
financial systems of whole nation RBI is
also very disturbed because of this Governor
has directly appealed
How to
Save Yourself
and said that don't
take loans from such apps How will you
do this? How will you save yourself? Few things that I know may help you RBI doesn't allow any company to simply go
out and give loans there is a registered
number that you can check from RBI website Whenever you see such apps or companies Go and check it Second thing is like a mantra If something seems too good to be true It probably is Meaning if a thing is very attractive, Then it is mostly a scam If someone says that we will give loan at
3-4% And bank is giving at 10-12% Meaning they are doing something wrong They will collect that missing amount from
you later Banks are not fools that they
do Kyc, or document verification They do
everything in legal boundaries If
someone is ready to give you money without paperwork Then it means he is doing something wrong you can't even imagine what they will do with
you illegally Third thing is related to
app Whenever you download app Read the ratings and reviews See what permissions are asked when you
install don't give unnecessary
permissions Most apps have such options But you must individually go and remove
permissions Unfortunately, if you or
your known person get trapped in such scams
Then go to this website Cyberdost You can complain over there Cyber authority is carefully monitoring such
scams Who knows your complaint open more
scams and save thousands of other people
from getting trapped in this Last but
not the least Please share such blogs Not
just mine but also others Mainstream
masala is one thing but sharing such blogs
can save people's money and even life You
can carry your duties of being a good citizen .