Hyderabad cops arrest one more

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The person arrested on Thursday was identified as Chinnabba Rajashekar (27) from Mahadevpura in Bangalore.

Hyderabad: Another person was arrested Thursday by Hyderabad Cybercrime Police in connection with the instant online loan fraud case. So far, 21 people, including a Chinese national, Zhu Wei alias Lambo, have been arrested in the case.

The person arrested on Thursday was identified as Chinnabba Rajashekar (27) from Mahadevpura in Bangalore, who is the director of nine companies including Yunwei Technologies Private Limited, Satime Technologies Private Limited, One Libra Financial Services, Naqiful Technologies, Aojing Technologies, all police said they were logged into money lending apps like Snapit, OK Cash, Mybank, Cashbee, Rupee Factory, Bubble Loan, etc.

K. Nagaraju, Singi Madhu Babu and Palle Jeevana Jyothi and others, who held key positions in companies associated with instant loan applications, were among those arrested by Hyderabad police earlier after the outbreak of the scam five months ago. So far an amount of Rs. 300 crore found in various bank accounts have been frozen. Further investigation is underway, said Avinash Mohanty, co-commissioner of the Detective Department.


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