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Multicrore Loan Apps Scam Caught In Hyderabad, Gurgaon; RBI Warning Out

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Hyderabad Police have frozen 75 bank accounts holding ₹ 423 crore in connection with a multi-crore money lending scam - that charged victims up to 35 per cent interest - conducted via 30 mobile phone apps that were not approved by the Reserve Bank of India (RBI).

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Category
Asia
Tags
NDTV 24x7, money lending racket, hyderabad
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