Bhubaneswar: The Odisha Economic Offences Wing (EOW) has frozen over Rs. 2.52 crores of the bank deposits of three dubious companies which deceived the people by a fake loan App on Saturday.
The three companies whose accounts were frozen are BTWO Consulting Private Limited, Jiyaling InfoTech Private Limited, and Omellete Technology Private Limited. The bulk of the amounts belongs to Jamshedpur, Jharkhand-based Recovery Agent Company BTWO Consulting Private Limited.
The EOW had earlier received a series of complaints from victims and the Reserve Bank of India relating to the illegal functioning of loan apps that are not registered as NBFC under the Reserve Bank of India (RBI) Act.
Pune-based Jiyaling Technology Private Limited and Bangalore-based Omelet Technology Private Limited are the shell companies used by Chinese mastermind Liu Yi to run illegal digital loan APPS.
These shell companies through their network of recovery agents placed Whatsapp and live calls to the victims humiliating/ abusing them with foul language to return the money with up to 5 times the rate of interest within a week.
Earlier, in this case, raids were conducted by EOW Odisha in New Delhi, Mumbai, Bangalore, Hyderabad, and Rajasthan. Five accused persons were arrested and Rs 6.57 crores were frozen from their accounts.