Upon a request fromTelanganapolice, Google has removed as many as 290 loan shark apps from its Play Store that are playing havoc with the lives of innocent borrowers.
These rogue apps, hosted on US-based Amazon Cloud and China-based Ali Cloud, are linked with Chinese companies and are operating in association with certain non-Banking firms in India.
Two non-banking financial companies (NBFC) located in Bangalore, Mad Network technologies and Fin express financial Services, were found to be assisting the Chinese rogue loan companies.