Chinese small loan apps: Chandigarh Police to seek probe by ED in ‘hawala transactions’

Chandigarh Police on Thursday said that they will seek a probe by the Enforcement Directorate in the small loan lending apps case as it involved transaction worth crores that was routed from China through hawala.

A 32-year-old Chinese national, as well as 20 others, have already been arrested by the cyber cell of Chandigarh Police after a series a raids across the country for allegedly cheating and extorting money from people after trapping them through small loan lending apps in the UT and elsewhere.

The arrested Chinese national, identified as Wan Chenghua, along with four other accused will be produced in a local Chandigarh court on Friday. The remaining arrested men have already been produced in court and sent to judicial custody, police said.

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