State Police Chief (SPC) Anil Kant has issued instructions to maintain alert against mobile applications used for online loan fraud in light of the increasing cases of such fraud targeting youths and students.
Mr. Kant has instructed District Police Chiefs to take strong and effective action on complaints related to these.
In a press release issued from the SPC's office, he said that such applications attracted customers by asking customers to provide the simplest of Know Your Customer (KYC) documents. After the customer installs the application, it gains access to all the information in the phone including the contact list. People desperate to get a loan often agree to all the requests for access.
