Ban on Insta Loan Mobile apps

The Issue

This petition is raised pursuant to the recent fraudulent scam by Chinese-run-Instant Loan Mobile cash apps. The screenshot of the news has been attached for your reference. Due the current financial constraints imposed by the pandemic situation, many people were lured to the idea of availing instant loans from the numerous mobile apps that were available in Playstore. The loans were extended for 7 days and huge processing fees were being levied. However, within 3 days of availing the loan, the customers would start getting numerous reminder calls and on the day of payment, as early as 5:30 am and until the payment was done, they would be constantly harassed, abused and yelled at for making the payments. Their mobile data was also being hacked and the executives of these mobile apps would contact their phone contacts and harass them also for the money. This harassment has caused several customers to commit suicide especially the youth. Many have also reached a stage of mental anguish and depression. Due this, there are many cases of untoward incidents reported in Bangalore as well as in other States. The list of banned apps is attached as a screenshot and also some of these apps are still available in play store and trying to reach out to customers for payments. The main apps include Flip Cash, Go Cash, O Cash, Rupee Mo, RupeePlus, Cash Go, Cashport (now available in playstore as Loancube), Money meet, Cash seed, Cash Map, Quickcash, Money More, More money etc. The companies operating these fraudulent apps are Liufang Technologies, Hotbull Technologies, Neelatara Technologies Private Limited, Sukhmehar Finance Private Limited etc.  Hence, in this regard, we would require the support of the State Crime cell, State Police, NHRCI and the RBI to ban these instant mobile cash apps and arrest the scamsters at the earliest so that no one faces such an issue again. The apps should not only be banned but the customers from  whom unreasonable interests and or processing fees have been levied should be compensated by such unauthorized and unregulated lending companies. As a citizen of this country, we have faith in the system and we sincerely hope for your valuable assistance in this matter. 

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Vineeta Teresa JobPetition Starter
This petition had 52 supporters

The Issue

This petition is raised pursuant to the recent fraudulent scam by Chinese-run-Instant Loan Mobile cash apps. The screenshot of the news has been attached for your reference. Due the current financial constraints imposed by the pandemic situation, many people were lured to the idea of availing instant loans from the numerous mobile apps that were available in Playstore. The loans were extended for 7 days and huge processing fees were being levied. However, within 3 days of availing the loan, the customers would start getting numerous reminder calls and on the day of payment, as early as 5:30 am and until the payment was done, they would be constantly harassed, abused and yelled at for making the payments. Their mobile data was also being hacked and the executives of these mobile apps would contact their phone contacts and harass them also for the money. This harassment has caused several customers to commit suicide especially the youth. Many have also reached a stage of mental anguish and depression. Due this, there are many cases of untoward incidents reported in Bangalore as well as in other States. The list of banned apps is attached as a screenshot and also some of these apps are still available in play store and trying to reach out to customers for payments. The main apps include Flip Cash, Go Cash, O Cash, Rupee Mo, RupeePlus, Cash Go, Cashport (now available in playstore as Loancube), Money meet, Cash seed, Cash Map, Quickcash, Money More, More money etc. The companies operating these fraudulent apps are Liufang Technologies, Hotbull Technologies, Neelatara Technologies Private Limited, Sukhmehar Finance Private Limited etc.  Hence, in this regard, we would require the support of the State Crime cell, State Police, NHRCI and the RBI to ban these instant mobile cash apps and arrest the scamsters at the earliest so that no one faces such an issue again. The apps should not only be banned but the customers from  whom unreasonable interests and or processing fees have been levied should be compensated by such unauthorized and unregulated lending companies. As a citizen of this country, we have faith in the system and we sincerely hope for your valuable assistance in this matter. 

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Vineeta Teresa JobPetition Starter

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This petition had 52 supporters

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Petition created on 26 December 2020