Online loan app fraud cases: 6 including kingpin Madhu Babu arrested, says CP Sajjanar
Cyberabad Commissioner of Police V C Sajjanar on Tuesday said six persons arrested in online loan app fraud cases. Madhu Babu belonging to the Mahabubnagar district is the kingpin behind the harassment of borrowers. Speaking to the media, Sajjanar has revealed that 16 online loan apps have collected 35 per cent interest for seven days from the loanees. “Employees working in call centres have harassed borrowers if they failed to repay loans after seven days,” he mentioned. The Cyberabad police served notices to 1,100 employees working in four call centres.