Khushi Shah, June 2, 2022

Police recently learnt that loan sharks are pulling the strings from Nepal and the money extorted from the victims is routed to China.

The ministry of home affairs said ‘’On cross-border sharing of the information of the foreign-based companies, the officer said. All the countries in the world have signed a mutual legal assistance treaty (MLAT) to seek cross-border cooperation. To procure crucial data in the criminal matter, the Central Bureau of Investigation (CBI) can make requests to foreign countries from where companies are offering cloud platforms to these lending apps.”

The lenders, through their recovery agents, have harassed multiple borrowers, and driven some of them to commit suicide.The Enforcement directorate is already probing a money laundering case against rogue loan app companies run by Chinese like Linkyun Technology Private Limited and Dokypay Technology Private Ltd. 

Companies have offered cloud platforms to the fraud loan apps and are also giving cloud storage for hosting them. Since these companies are overseas gathering data is difficult. This is why they decided to approach INTERPOL who can use its administrative capabilities for procuring the details of such companies, like the owner’s name, e-mail IDs, the person who did the registration, etc. At the same time Interpol does not have executive powers, so Interpol official do not arrest suspects or act without the approval of national authorities.

More than 1,800 online complaints related to the loan scam, and have been piling up since the lockdown. Hyderabad also received over 100 loan app fraud cases on the past month and revealed international hawala transactions and other illegal activities.1,268 crore and another Rs 120 crore outward foreign remittances. Around 1. 4 crore transactions worth Rs 21,000 crore over payment gateways and bank accounts have been linked to such cases.

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New York

List of world leaders with whom PM Modi held bilateral talks at the G7 Summit

Published:

Megh Shah, July 12, 2022

  • Prime Minister Narendra Modi as always, had a busy schedule when he landed in Germany for the G7 Summit. As per the Ministry of External Affairs of the Government of India, the PM held a total of 6 bilateral meetings in addition to the interactions between him and all leaders present at the Summit.

    The list includes:- 
                                                                                                          
  • Meeting with – Mr. Alberto Fernandez (President of Argentina)                  

Issues discussed – Cooperation in areas such as trade, investment, climate action, renewable energy, nuclear medicine, pharmaceuticals, electric mobility, defence cooperation, agriculture, food security, traditional medicine and coordination in global bodies.                                                                                                                                

  • Meeting with – Mr. Cyril Ramaphosa (President of South Africa)                                                                                       

Issues discussed:-Deepening bilateral cooperation in areas like trade and investment, food security, defense, pharmaceuticals, digital financial inclusion, skill development, education,  insurance, health, and people-to-people contacts. Welcoming the WTO agreement reached in June 2022 that supports the production of COVID-19 vaccines in developing countries (India and South Africa were the first countries to submit a proposal on waiver of Covid-19 vaccine patents. The two countries also discussed regarding India and South Africa’s permanent UNSC membership in a reformed UN.                 

  • Meeting with – Olaf Scholtz (Chancellor of Germany)                      

Issues discussed:-  The two leaders reviews the progress made in bilateral cooperation after PM Modi’s visit to Germany in May this year. Discussions covered issues like climate action, provision of climate financing and technology transfer. Both leaders also agreed on the need to further deepen trade, investment and people to people ties.                                                                                                                            

  • Meeting with – Joke Widodo (President of Indonesia)

Issues discussed:– Increasing trade and investment between the two Asian countries. Discussions on Indonesia’s current and India’s forthcoming G20 Presidency.          

  • Meeting with – Ursula von der Leyen (President of European Commission)

Issues discussed:- The leaders expressed their delight at the resumption of negotiations between India and the EU on Trade, Investment, and GI Agreements. They examined India-EU collaboration in a variety of areas, including digital cooperation, climate action, and technology and innovation.                                                                            

  • Meeting with – Justin Trudeau (Prime Minister of Canada)

Issues discussed:- A productive meeting was held in which the leaders discussed India-Canada bilateral relations and agreed to further strengthen trade and economic linkages, cooperation in security and counter-terrorism, as well as people-to-people ties.

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