Govt Initiates Process To Ban Over 200 Betting And Loan Lending Apps


New Delhi: The government of India has banned 138 betting apps and 94 loan lending apps linked to China.

On a communication from the Ministry of Home Affairs, the Ministry of Electronics and Information Technology (MeitY) on Sunday initiated the process to ban the apps on an “urgent” and “emergency” basis, news agency ANI reported.

Last year, the Intelligence Fusion & Strategic Operations (IFSO) Unit of Delhi Police’s Special Cell arrested two persons including a Chinese national for extorting money from people through instant loan applications, as per news agency IANS.

The accused was identified as Chinese national Yu Zhang, the mastermind behind the extortion racket and Vineet Jhaver, a resident of Haryana.

The police said that more than Rs 150 crore were siphoned off through accounts provided by Vineet and Zhang.

In August 2022, the IFSO unit busted various modules of instant loan applications having a Chinese connection and arrested 22 people for allegedly siphoning off Rs 500 crore to China by the hawala route or by investing in crypto-currency.

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