ED attaches Rs 106 cr assets in Chinese Loan App case

The Enforcement Directorate (ED) has provisionally attached movable assets worth Rs 106 crore in the Chinese Loan App Case.

The ED initiated an investigation on the basis of FIRs registered by Cyber Crime Police Station, Bengaluru under various sections of Karnataka Money Lenders Act, 1961, Information Technology Act, 2000, Karnataka Prohibition of Charging Exorbitant Interest Act, 2004, and various Sections of Indian Penal Code, 1860 against numerous entities/persons in connection with their involvement in extortion and harassment of the public who had availed small amounts of loans through the mobile apps being run by those Chinese national controlled entities/persons.

Read more

You may also like

More in IT

Comments are closed.