Hyderabad man loses Rs 47 lakh to loan app, blackmailed
Hyderabad, Nov. 7 -- A man from Hyderabad was duped of Rs 47 lakh by loan apps and threatened with morphed images of his family to extract more payments.
The victim filed a complaint with the Hyderabad Police's cybercrime unit on November 5, following which various loan app operators and their recovery agents were booked for extortion, harassment and intimidation.
The complainant, a resident of Yellareddyguda, told the police that he had approached a bank for a personal loan of Rs 3 lakh but could not secure one because of his poor Credit Information Bureau (India) Limited (CIBIL) score. Needing money, he turned to instant loan apps and uploaded his Aadhaar, Permanent Account Number (PAN), salary slips and bank statements to obtain quic...
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