The unfortunate demise of three people in Telangana, allegedly due to harassment of loan sharks, led police to unearth a multi-crore scam. Promising hassle-free loans via mobile apps, some companies had been preying on naive customers for a long time. After an investigation was launched, Hyderabad Police froze 75 bank accounts holding Rs. 423 crore. 17 people have been arrested as well. Here's what went down.
source https://www.newsbytesapp.com/news/india/multi-crore-loan-apps-scam-unearthed-several-arrested/story
source https://www.newsbytesapp.com/news/india/multi-crore-loan-apps-scam-unearthed-several-arrested/story
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