Online instant loan scam: Hyd police arrested two including Chinese national while trying to flee from Delhi
The Hyderabad CCS police arrested Chinese national Lambo and Nagaraju of Kurnool district in Andhra Pradesh at Delhi Airport while they were trying to flee the country. Both were accused in the online instant loan scam. According to police, Lambo has involved in Rs 21,000 crore transactions by using 150 loan apps in the last six months.
Lambo was running these loan apps in the name of four companies. The Hyderabad police informed the Central investigation agencies about the diversion of funds to foreign countries from India through illegal routes.