A slew of complaints have been received by police statewide against app-based instant loan companies, which are currently under investigation to bring the culprits to the book.
Investigators called on the general public not to benefit from loans from unauthorized apps that could use sensitive mobile phone information and because it is unreliable.
In case someone is facing similar issues with online loan applications, they can go to the nearby police station and file a complaint against the culprits, police said.
Police said at least 60 such loan applications were available on the Google Play Store and had certain names that are not registered or recognized by the Reserve Bank of India as a non-bank financial institution.
“Their operations are completely illegal and hosting these apps also violates certain conditions set by the Google App Store. Google may be asked to remove these applications, ”said senior officials associated with the investigation into the case.
“All of these apps have similar privacy policies that collect every bit of data on the user’s phone, and thus violate the user’s privacy in every way,” they said, adding that in accordance with Information Technology Rules 2011 (Guidelines for Intermediaries), all intermediaries are expected to provide the names of their grievance officer and contact details. Businesses calling friends and relatives are also a violation of Rule 3 (2) of the 2011 Information Technology Rules (Guidelines for Intermediaries), police said. “Such applications have some strange commonalities in methods. They seem to be based on a single SDK, suspected of being provided by a foreign country. ”