Chinese Loan Apps Exploited Covid Crisis, Weak Regulatory Framework to Cheat Millions of Indians, Says ED

The ED investigation has found that these apps were charging up to 2,300 per cent interest on loans. The apps specifically targeted vulnerable strata of society. On non-repayment, they would start threatening women of sexual harassment/portraying them as call girls on adult websitesThe ED investigation has found that these apps were charging up to 2,300 per cent interest on loans. The apps specifically targeted vulnerable strata of society. On non-repayment, they would start threatening women of sexual harassment/portraying them as call girls on adult websites