the Puducherry Cyber Cell registered a case against several instant loan applications after numerous complaints emerged from residents. Users of these apps alleged harassment, threats of violence, and extortion after taking out small loans. Often targeting vulnerable individuals, these apps charged exorbitant interest rates and imposed heavy penalties. When users failed to repay, they were subjected to harassment tactics, including public shaming, calls, and messages from agents demanding repayment.
The Puducherry Police are actively investigating these apps to identify the individuals or groups behind the scams. The cases have raised awareness about the unregulated nature of such lending apps in India. Authorities are urging the public to report any such cases to ensure that consumer rights are protected and that perpetrators are brought to justice.
