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Cops have so far arrested four Chinese nationals. Three of them, Yi Bai, Liang TianTian and Lambo, were retained in the instant loan application file. The fourth, Yah Hao, was arrested in August in connection with an online racket game in which scores of Indians lost millions of rupees.
Lambo had been on the Hyderabad police radar for the past few days and had been missing since his colleagues were arrested. When investigators caught up with him at the airport, he initially denied any connection to the loan app companies, but his association became apparent when his laptop was opened and important documents were viewed. .
Senior Hyderabad Police officials said Lambo heads four different companies operating seven call centers – two each in Gurugram and Bangalore and three in Hyderabad. Telephone operators have been trained to harass people unable to repay loans taken at extremely high interest rates.
So far, three people from Telangana have committed suicide after being harassed by debt collectors from these companies. The victims included a software engineer and a government employee.
Nagaraju’s interrogation revealed that Lambo reports to another Chinese national, Yuan Yuan, alias Sissi, alias Jennifer, who set up the operations in India. We think she’s in China. Investigations have also revealed that companies like Aglow Technologies Pvt Ltd, Liufang Technologies Pvt Ltd, Nabloom Technologies Pvt Ltd and Pinprint Technologies Pvt Ltd are used to transact in crore, many of them in bitcoin.
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