Man pays Rs 12 lakh to loan sharks while repaying instant loan app

Mira Bhayandar: A 43-year-old customer service manager from Mira Road who works for a construction company in Palghar district has paid the exorbitant sum of Rs 12 lakh after being trapped in a cycle of an application of instant loan while the loan sharks would have blackmailed him.

According to the filed complaint, he downloaded an aggregator app, which directed him to other links to process instant loan applications after collecting Aadhar, PAN and bank details.

Apart from submitting documents and details, the Complainant apparently provided access to his photo gallery and phone contact list. Initially small amounts, as the loans were sanctioned and credited to his bank account, with seven days to repay. The complainant used loans on several occasions and repaid them on time.

The problems began when the lenders credited amounts to the complainant’s account without his consent and then resorted to abuse, harassment and threats against him and his family members through various call centers. to extort money under the guise of huge interest and processing fees.

Complainants’ wife received threatening message of altered photos

The complainant’s wife also received a message containing a threat that altered photographs of the defaulter and his family members would be released, accusing them of being cheaters if they did not pay the money. The threats forced the plaintiff to transfer additional Rs. 12,23,888 online on different accounts. Despite this, when the calls asking for more money increased, the complainant reported the matter to the cyber cell for assistance.

An offense against the relevant sections of the IPC and the Information Technology Act has been registered at Mira Road Police Station against cyber fraudsters who have not yet been identified. Further investigations were ongoing.