Bhubaneswar: The Economic Offences Wing (EOW) of the Crime Branch has arrested two more fraudsters in the illegal loan apps case here on Friday.
The accused have been identified as Rakshith and Sushanth. Both are residents of Udupi district of Karnataka, the EOW said in a press note issued here today.
They have been booked under sections 294, 506, 507, 420, 467, 468, 120B of IPC and 66 D of IT Act of 2000, the press note said.
According to the press note, the accused are Directors of illegal shell companies–Mudmate Technologies Private Limited, Yellow Tune Technologies Private Limited, and Pinkleaf Aryan Communications Private Limited.
Accused Rakshith and Sushanth being Directors of the aforementioned companies in connivance with others were facilitating transactions of illegal lending and recovery process of the loans given through illegal digital loan apps like KOKO, JOJO and many other apps, the press note said.
They were doing this in connivance and collaboration with many other shell companies like IWT-India etc. and were also managing a call centre from Bangalore which used to make threatening and humiliating calls and messages to victim loanees and their contacts, the press note added.
The EOW has said in the press note that they have disclosed much important information which gives an indication of a very complex and well-organized racket, the details of which is being investigated.
Worth mentioning, earlier, accused Md. Javed Saifi, proprietor of IWT-India and Tarun Kumar Dudeja, proprietor of Digital Batua and other dubious/shell companies have been arrested in this case and an amount of around Rs 6.57 crore lying in accounts of M/s Mahagram Payment Pvt. Ltd. has been frozen.
Also, 41 post-paid JIO SIM Cards in the names of various persons to be used in the mule accounts have been seized from Tarun Kumar Dudeja.
As many as 1058 virtual accounts belonging to Mahagram payments used to run the scam have been frozen.
Also accused Ram Shriram Pathade, Managing Director of Mahagram Payments Pvt. Ltd., (a resident of Sonam Heights, Mumbai) was arrested from Indira Gandhi International Airport, New Delhi on May 25 this year.
