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Chinese loan app News
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One97 Communication denies any link with merchants under ED scanner.
Paytm said that none of the funds frozen by the Enforcement Directorate (ED) belongs to it .
ED conducted raids Razorpay, Paytm, and Cashfree premises on Saturday.
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An engineer committed suicide by hanging himself after killing his wife and two children in Indore. Chinese loan apps are responsible for this horror. Engineer Amit Yadav had taken a loan from these but he lost the will to live while trying to pay high interests on the loan.
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Delhi Police has arrested eight persons for extorting people on the pretext of providing loan.
The accused were using a Chinese loan application to provide loans.
A team of callers who used to make calls to the loan seekers who had taken a loan from their app.
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