Loan Scam
Sri Lanka: Authorities arrest six, including five Chinese nationals, for involvement in online loan scam
Sri Lanka's opposition leader Sajith Premadasa recently raised alarm regarding the online loan mafia operating in the country and even charging interest as high as 300, media reports said.
He asked people not to pay them as the lending process was illegal.
Following the revelation by the minister, the country's Computer Crime Investigation Division has arrested six people, including five Chinese nationals, involved in the crime.
According to reports, the arrested Chinese nationals included three women.
The police who conducted the investigation have discovered that the personal data in the phone of the person taking the loan is secretly obtained by the said institution through the application provided for downloading while applying for the loan, reported Mawrata News.
Investigation revealed institution providing the loan was being run from a place in Dehiwala area in the Island Country that is fighting economic crisis.
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