Hyderabad: A majority of the victims in the loan apps scam, it turns out, are well-educated individuals and information technology professionals. Police say they have written to Google, urging it to take out 158 instant loan apps from Google Play Store.
“When downloading an app, regardless of the threat level, one must always check for the permissions it asks and check the reviews as well. The most common target audiences are the educated lot and the small time small-time businessmen hit by the sudden lockdowns and the economic downturn,” said the police.
Cyberabad police officials said that, after a customer downloads an app and uploads the documents demanded, the loan amount is credited into the applicant’s bank account. The phone numbers of the customer as well as the numbers of his family members are shared by the app company with others. After a customer avails a loan, tele-callers and agents of about 20-30 similar apps call the customers and lure them into…