Director of fake loan app “Kredit Gold” arrested

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The Economic Offenses Wing (EOW) of Odisha Police arrested Nitin Mallik, Director of Good Start Business Services Pvt Ltd, of New Delhi on July 13, arraigned him in a local court and brought him to Bhubaneswar on remand as reported by news agency IANS.

The arrest was made on the basis of the report submitted by EOW Inspector Pranati Senapati, who had been investigating a complaint filed by Sakti Prasad Dash of Bhubaneswar which detailed harassment and mental torture by recovery officers. digital lending app ‘Kredit Gold’ by sending him abusive messages and tweaked photographs etc, reported IANS.

According to police officials, Dash after downloading the loan app received the instant loan amount of Rs 9,000. However, after four days, he received WhatsApp messages/calls to repay Rs 15,627. Subsequently, he received calls and messages from different mobile numbers which were traced to the number of a company, namely Good Start Business Pvt. ltd. of which Mallik is one of the directors, they said, as reported IANS.
Officials said that Good Start Business Pvt Ltd is not registered as a Non-Banking Financial Company (NBFC) with the RBI and is illegally operating as a digital lender. The EOW suspected that Chinese nationals were also involved in the scam. Mallik was in direct and regular contact with at least three Chinese nationals and received a huge salary for the work, they said.

The accused also turned out to be one of the directors of another company, namely Right Start Business Pvt. ltd. The international gang is said to be running at least 10 of these illegal loan apps and there are over a lakh downloads of the Kredit Gold app alone. Mallik, who was allegedly responsible for lending/loan collection, is also wanted by different police forces including Mumbai police, they added, reported IANS.

Odisha Police seized many incriminating documents such as copies of passports of Chinese nationals, copy of agreement for virtual space, contractual agreements between Chinese people and telecom service providers, chats and Whatsapp emails, and several abusive text messages intended for the loanee of the arrested defendant. .