Two Chinese and over 100 Nepalese nationals arrested for organizing illegal loan scheme targeting Indians : The Tribune India


PTI

Kathmandu, February 23

Two Chinese and more than 100 Nepali nationals have been arrested in Nepal for their involvement in running a fraudulent online loan scheme targeting Indians, police said on Wednesday.

Nepali police said in a press release that they arrested two Chinese nationals and 115 Nepalese nationals in two separate raids on Monday and Tuesday in Kathmandu and Bhaktapur districts in the Kathmandu Valley for their involvement in fraudulent cyber activities.

Acting on a tip-off, the Metropolitan Police Station in Kathmandu first arrested a group of 37 people, including a Chinese man from Old Baneshwor on Monday night. The Chinese national, identified as Chang Hu bao, was carrying out illegal business activities targeting Indians with the help of young Nepalese.

“They had officially registered the company called Lewan Group to provide IT services to businesses in the capital,” police said.

Nepalese nationals arrested in Kathmandu include 23 boys and 13 girls.

After their arrest, police also busted a larger racket in Sano Thimi township of Bhaktapur district from where they arrested 80 people including a Chinese national named Wang Zinao in the second raid on an office building in three floors.

Nepalese arrested from Bhaktapur include 47 girls and 32 boys. A total of 48 laptops and 14 desktop computers were also confiscated from the office.

The Chinese nationals, who reportedly started the business a month and a half ago from Kathmandu and Bhaktapur, used to lend short-term loans online to Indians with interest rates of 2.5 to 3, 5%.

They provided loans in the amount of 3,000 to 30,000 rupees to borrowers in India, who had to submit photocopies of their ration card and contact number. If they didn’t return the money with interest, they used Nepali boys and girls to threaten them over the phone.

Police said the majority of the Nepalese arrested were employees receiving a monthly salary of Rs 15,000 to Rs 20,000, while high-level employees, including the Chinese boss, earned millions. Wages and other benefits were transferred to workers’ accounts from China, police said.

According to Police Superintendent Santosh Singh Rathor of the Kathmandu Metropolitan Police Bureau, those arrested were operating illegal online “lending” services in India.

They used to trick Indians into using apps like Lone Cube, Rupee Way and Wo Rupee where they were promised Rs 3,000-30,000 for up to three months without having to provide any collateral.

Those arrested will be presented in court and charged under the Central Banking and Financial Transactions Act.

Officials from Nepal Rastra Bank, Nepal’s central bank, said only duly registered banks and financial institutions are allowed to make loans and collect interest.

#lewan group #nepalese police

Dorothy H. Lewis