Andhra cops arrest 3 Malaysians at Chennai airport in loan app scam case

In a major operation, Andhra Pradesh Police have arrested three foreign nationals in a loan app scam case. The foreign nationals were picked up from Chennai airport and were taken to Andhra Pradesh.

According to the state government, the modus operandi of the application was to first create and run loan and gaming apps from Singapore, Malaysia, Hong Kong and China. The accused had developed gaming apps that promised high returns or free loans and targeted victims by providing them small loan amounts at lower interest rates without any guarantee. Once the loan was taken through these apps, their contacts and images would be accessed by the app developers.