The Enforcement Directorate<\/a> (ED) has issued a Provisional Attachment Order<\/a> under the Prevention of Money Laundering Act<\/a>, 2002 (PMLA) attaching Rs.76.67 Crore, lying in various bank accounts and payment gateways pertaining to Chinese Loan App companies and their Indian associates, the agency said in a release on Tuesday. “与各自nbfc Fintech公司协议支付的贷款通过数字贷款应用程序。所附ED还包括大量的费用收取的Razorpay软件私人有限Rs.86.44卢比没有进行尽职调查的程度的一个公司注册支付和收集的贷款”,释放说。 的执法局(ED)已经发布了临时附件订单下预防洗钱行为,2002 (PMLA)附加Rs.76.67卢比,躺在中国贷款有关的各种银行账户和支付网关软件公司和印度同事,该机构周二在一份新闻稿中说。
The federal agency had initiated investigation on the basis of various FIRs registered by CID, Bengaluru based on the complaints received from various customers, who had availed loan and faced harassment from the recovery agent of these money lending companies.
The amount attached by ED pertain to 7 companies out of which three are Fintech companies<\/a> namely Mad Elephant Network Technology Private Limited, Baryonyx Technology Private Limited and Cloud Atlas Future Technology Private Limited which are controlled by the Chinese nationals and three NBFCs<\/a> registered with RBI namely X10 Financial Services Private Limited, Track Fin-ed Private Limited and Jamnadas Morarjee Finance Private Limited.
\"The Fintech<\/a> companies have agreement with respective NBFCs<\/a> for disbursement of loans through digital lending apps. The amount attached by ED also include amount of fee charged by Razorpay Software Private Limited to the extent of Rs.86.44 lakhs for not conducting due diligence in case of one company enrolled with it for disbursement and collection of loans\", the release said.
The agency has claimed that it's probe revealed that these Chinese loan apps<\/a> offered loans to individuals and levied usurious rate of interest and processing fees.
\"The loan apps<\/a> through their recovery agents resorted to systematic abuse, harassment and threatening to the defaulters through the call centers for coercive recovery of the loans by obtaining sensitive data of the user stored on mobile such as contacts, photographs and using them to defame or blackmail to the borrower\" the agency said.
It added \"They even threatened the borrowers by sending fake legal notices to their relatives and family members. Investigation further revealed that the money lending business has been indeed being run by these Fintech companies<\/a> for which they are not authorized to do under any law and these NBFCs knowingly let these fintech<\/a> companies to use their names for the sake of getting commission without being careful about the conduct of these fintech companies in dealing with the customers who are vulnerable section of the society and are in dire need of funds due to prevailing pandemic situation. The same is also violation of the Fair Practices Code of RBI\"
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ED高度76.67卢比的中国企业即时贷款应用诈骗案件
联邦机构已经开始调查的基础上,各种由CID冷杉注册,班加罗尔基于投诉收到各种各样的客户,从经济复苏面临骚扰利用贷款和贷款公司代理这些钱。
所附ED属于7这三个公司Fintech公司即疯狂象网络科技私人有限公司,Baryonyx科技私人有限公司和云Atlas未来科技私人有限公司是由中国公民和三个控制nbfc在印度注册即X10金融服务私人有限跟踪Fin-ed私人有限和Jamnadas Morarjee资助私人有限。
该机构称,调查显示,这些中国人贷款程序提供贷款给个人和征收高利贷的利息和手续费。
“贷款程序通过恢复代理采取系统化的虐待、骚扰和威胁违约者通过呼叫中心强制回收贷款的获取用户的敏感数据存储在移动,如联系人、照片和使用他们诽谤或敲诈借款人”该机构说。
它补充道“他们甚至威胁到借款人通过发送假的法律通知他们的亲戚和家人。进一步调查表明,资金借贷业务实际上是由这些Fintech公司他们无权做任何法律和这些nbfc故意让这些fintech公司使用他们的名字为了得到委员会不小心的行为fintech公司在处理客户的脆弱部分社会和急需的资金由于流行的流行情况。也是央行还违反了公平的实践代码”
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The Enforcement Directorate<\/a> (ED) has issued a Provisional Attachment Order<\/a> under the Prevention of Money Laundering Act<\/a>, 2002 (PMLA) attaching Rs.76.67 Crore, lying in various bank accounts and payment gateways pertaining to Chinese Loan App companies and their Indian associates, the agency said in a release on Tuesday.
The federal agency had initiated investigation on the basis of various FIRs registered by CID, Bengaluru based on the complaints received from various customers, who had availed loan and faced harassment from the recovery agent of these money lending companies.
The amount attached by ED pertain to 7 companies out of which three are Fintech companies<\/a> namely Mad Elephant Network Technology Private Limited, Baryonyx Technology Private Limited and Cloud Atlas Future Technology Private Limited which are controlled by the Chinese nationals and three NBFCs<\/a> registered with RBI namely X10 Financial Services Private Limited, Track Fin-ed Private Limited and Jamnadas Morarjee Finance Private Limited.
\"The Fintech<\/a> companies have agreement with respective NBFCs<\/a> for disbursement of loans through digital lending apps. The amount attached by ED also include amount of fee charged by Razorpay Software Private Limited to the extent of Rs.86.44 lakhs for not conducting due diligence in case of one company enrolled with it for disbursement and collection of loans\", the release said.
The agency has claimed that it's probe revealed that these Chinese loan apps<\/a> offered loans to individuals and levied usurious rate of interest and processing fees.
\"The loan apps<\/a> through their recovery agents resorted to systematic abuse, harassment and threatening to the defaulters through the call centers for coercive recovery of the loans by obtaining sensitive data of the user stored on mobile such as contacts, photographs and using them to defame or blackmail to the borrower\" the agency said.
It added \"They even threatened the borrowers by sending fake legal notices to their relatives and family members. Investigation further revealed that the money lending business has been indeed being run by these Fintech companies<\/a> for which they are not authorized to do under any law and these NBFCs knowingly let these fintech<\/a> companies to use their names for the sake of getting commission without being careful about the conduct of these fintech companies in dealing with the customers who are vulnerable section of the society and are in dire need of funds due to prevailing pandemic situation. The same is also violation of the Fair Practices Code of RBI\"
<\/p><\/body>","next_sibling":[{"msid":82594734,"title":"Bill to ban TikTok on US government devices passes committee","entity_type":"ARTICLE","link":"\/news\/bill-to-ban-tiktok-on-us-government-devices-passes-committee\/82594734","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"82550962","title":"ED","entity_type":"IMAGES","seopath":"news\/india\/ed-attaches-rs-76-67-crore-of-chinese-companies-in-instant-loan-app-fraud-cases\/ed","category_name":"ED attaches Rs 76.67 crore of Chinese companies in instant loan app fraud cases","synopsis":"The agency has claimed that it's probe revealed that these Chinese loan apps offered loans to individuals and levied usurious rate of interest and processing fees.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-186845\/82550962.cms?width=150&height=112","link":"\/image\/india\/ed-attaches-rs-76-67-crore-of-chinese-companies-in-instant-loan-app-fraud-cases\/ed\/82550962"}],"msid":82594743,"entity_type":"ARTICLE","title":"ED attaches Rs 76.67 crore of Chinese companies in instant loan app fraud cases","synopsis":"\"The Fintech companies have agreement with respective NBFCs for disbursement of loans through digital lending apps. The amount attached by ED also include amount of fee charged by Razorpay Software Private Limited to the extent of Rs.86.44 lakhs for not conducting due diligence in case of one company enrolled with it for disbursement and collection of loans\", the release said.","titleseo":"telecomnews\/ed-attaches-rs-76-67-crore-of-chinese-companies-in-instant-loan-app-fraud-cases","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":105,"shares":0,"engagementtimems":525000},"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2021-05-13 08:14:57","lastupd":"2021-05-13 08:15:46","breadcrumbTags":["loan apps","Prevention of Money Laundering Act","FinTech companies","enforcement directorate","provisional attachment order","FinTech","NBFCs","policy"],"secinfo":{"seolocation":"telecomnews\/ed-attaches-rs-76-67-crore-of-chinese-companies-in-instant-loan-app-fraud-cases"}}" data-news_link="//www.iser-br.com/news/ed-attaches-rs-76-67-crore-of-chinese-companies-in-instant-loan-app-fraud-cases/82594743">