Pramesh S Jain
T
he Whitefield division cyber crime police have registered a case against unknown people for misusing the name of a private finance company digital loan app details and cheated many people promising instant loan.
Based on the complaint filed by Sumithra V,legal manager of smartcoin financial private limited,the police have charged the accused under various sections of IT Act and also under cheating and impersonation.
According to the complaint,the company had its own loan app to offer digital loan facility.
The accused created a fake email ids resembling the company name and mailed it to random people in bulk offering instant loan.
Using this bait,the accused had duped many by collecting the money on the pretext of processing fee and insurance amount.
The racket came to light when many people who lost money approached the company and raised a complaint .
The police are now trying to track down the accused through money transaction details .
