The dangerous extortion racket run by instant loan apps and their link to China | UPSC IAS

Описание: The arrest of a Chinese national, Wan Chenghua (32), by the Chandigarh Police on Monday (September 12) along with 20 others for allegedly blackmailing and extorting money from people through instant loan mobile applications has raised several concerns. According to officials of the Chandigarh Cyber Cell, the racket of luring people to take instant loans via mobile apps and then extorting money from them gained momentum during the Covid-19 pandemic.

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