‘Beware! Loan Apps Gain Full Control Of Your Contact List'
The Times of India Hyderabad|March 03, 2021
Cyberabad Police Commissioner, V C Sajjanar, answers queries from TOI readers on why it isn’t advisable to borrow from instant loan apps, what precautions need to be taken while accepting job offers online and how to report financial frauds
‘Beware! Loan Apps Gain Full Control Of Your Contact List'

I joined Goodlife Sports and Infra projects, in September 2020 in response to an advert on job portals. While the company, over the months, hired more employees they have laid off most of them now – without paying a single rupee. Now, we realise it is a fraud business. Can you take action against them? Also, how does one know whether a company, advertising for jobs online, is genuine or not? —Rajender K

If you have lost money and feel that it was a fraud, please approach the nearest police station and file a complaint. Check the company website and registration details on open-source websites/tools. Also check the company reviews. Also, to check the credentials of a company, I suggest one verifies in person, on receipt of any offer letter through e-mail. If the company charges in advance for providing a job, then it is a fake company and job.

I loaned 10,000 from loangram, a loan app, and even returned the money. Yet, they did not update it on their systems and called my contacts and abused them. Eventually, I had to borrow the amount from other apps to pay loangram. Even then, they haven’t updated it and are still harassing me. How does one get out from this vicious cycle? Please advise. —Mukesh Kumar Rai

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