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Online loan fraud: Entities in other states under scanner, says Kerala government

Chief Minister Pinarayi Vijayan said in the assembly that according to information received by police, these entities in other states were operating in violation of Reserve Bank of India regulations and the Money Lenders Act.

Thiruvananthapuram: The Kerala government on Monday said that incidents of people being cheated after availing loans through online apps are being reported in the state and the police was taking strict action against the entities involved in such activities even though they are operating from other states. Chief Minister Pinarayi Vijayan said in the assembly that according to information received by police, these entities in other states…

Chief Minister Pinarayi Vijayan said in the assembly that according to information received by police, these entities in other states were operating in violation of Reserve Bank of India regulations and the Money Lenders Act. The Chief Minister was replying to a submission by CPI(M) MLA V Joy MLA V Joy in the House regarding an increase in online loan fraud cases in Kerala and the steps that the state government plans to take to address the issue

 

 

 

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