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

Turkey-Syria Earthquake Response: Urgent Aid Needed

Published:

Rescue teams persist in their tireless efforts to locate survivors amidst the rubble left by the catastrophic earthquake that struck Turkey and Syria on February 6th. Tragically, the death toll has now exceeded 42,000, marking this seismic event as one of the deadliest in the region in recent memory.

International Aid Efforts Underway, But Challenges Persist

Despite ongoing international aid efforts, concerns loom large over the unfolding humanitarian crisis in the affected regions. While relief supplies and assistance are pouring in from various countries, logistical challenges and access issues hamper the delivery of aid to those in dire need.

The situation remains critical as displaced families grapple with loss, injuries, and the devastation of their communities. Urgent action is required to address immediate needs and provide support for long-term recovery efforts in the aftermath of this tragic disaster.

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