Chinese digital loan sharks spreading wings in India

New Delhi, July 25: Chinese criminal syndicates and gangs are running scam operations illegally in India. Several such digital loan shark cases have been detected in the recent past and it is suspected that the scale of such illegal activities has increased over a period of time.

Recently, a case of so called ‘Chinese loan app’ racket came to light in Delhi’s Dwarka area.

The racket was being run by some Chinese handlers in the garb of a local consulting BPO firm, Fly High Global Services and Technology. The modus operandi started with the simple advertisement for ‘On Stream’ online loan app in social media to attract customers who wished to avail hassle-free loans in minutes.