Bhubaneswar: The Economic Offences Wing (EOW) of Odisha Crime Branch has arrested two more persons in connection with duping people through illegal loan apps.
The EOW arrested the two alleged offenders, identified as Rakshith and Sushanth belonging to Udupi district of Karnataka, from Bhubaneswar on Friday and produced them in the SDJM court on Saturday.
According to an EO release, the accused persons are directors of illegal shell companies Mudmate Technolgies Pvt Ltd, Yellow Tune Technologies Pvt Ltd and Pinkleaf Aryan Communications Pvt Ltd.
As directors of these companies, they in connivance with others were facilitating lending and recovery of loans given through illegal digital loan apps like KOKO, JOJO and other apps. They were doing this in collaboration with many other shell companies like IWT-India. They were also managing a call centre in Bangalore which used to make threatening and humiliating calls and massages to loanees and their contacts.
Earlier, Md Javed Saifi, the proprietor of IWT-India and Tarun Kumar Dudeja, proprietor of Digital Batua and other dubious shell companies were arrested in this case and an amount of around Rs 6.57 crore in accounts of Mahagram Payment Pvt Ltd was frozen.
Besides, 41 post-paid JIO SIM cards in the names of various persons to be used in the mule accounts were seized from Tarun Kumar Dudeja and 1,058 virtual accounts, belonging to Mahagram, which were used to run the scam frozen.
Ram Shriram Pathade, managing director of Mahagram Payments Pvt Ltd of Sonam Heights in Mumbai was arrested from Indira Gandhi International Airport in New Delhi on May 25.
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