Hyderabad: The sleuths of Cyber Crimes of Hyderabad city have arrested yet another accused allegedly involved in Instant loan app case.
Chinnabba Rajashekar, 27 resident of Mahadevpura in Bangalore is the director for 9 companies namely 1. Yunwei Technologies Private Limited, 2. Satime Technologies Private Limited, 3. Reusing Technologies Private Limited, 4. Pregla Fintech Private Limited, 5. One Libra Financial Services Private Limited, 6. Naqiful Technologies Private Limited, 7. Aojing Technologies Private Limited, 8. Heiseqian Technologies Private Limited and 9. Feng Fintech Services Private Limited.
These companies are connected to money lending apps such as Snapit, ok cash, Mybank, Cash bee, Rupee factory, bubble loan, go cash.
Till now Cyber crimes police have arrested 21 persons including a Chinese national Zhu Wei aka Lambo.
During further investigation, sleuths have identified the accounts associated to the fraudsters and freezed about Rs 300 Crores.
Efforts are being made to arrest the absconding accused persons who played key role in this fraud.