NEW DELHI: Eighteen people of a East of Kailash-based call centre, which operated under the guise of a financial company, were apprehended for allegedly defrauding people after giving them loans at low interest rates through a Chinese mobile application, officials said on Friday. They would first offer short-term loans at "very low" interest rates through Chinese mobile loan application "Diolesce", and after transferring the amount through it, they would increase the rates, according to the officials.
Borrowers were coerced to repay loans at "exorbitant" interest rates and even after repayment, more money was demanded on the threat that they would be defamed through ways such as posting of morphed photos online, they said.
