Shocking ₹230 Crore Loan App Scam Busted: How Thousands Were Trapped by Fake Promises!

A Scam So Clean, It Felt Real — Until It Exploded!

Imagine needing a small Loan — a tap on your phone, a smiling App interface, and in minutes, you’re Trapped in one of India’s biggest Digital Loan Scams.

This isn’t fiction — this is the ₹230+ crore Chinese Loan App Scam that shook the nation in early 2025. Here's everything you must know — from Scam start to Scam smashdown.

The Digital Trap: How the Scam Hooked Thousands

Fraudsters Launched slick, professional-looking Loan Apps on unofficial platforms.

They offered:

Instant Loans with no paperwork
Low interest and easy Approval
Fast transfers

Once users downloaded these Apps, they were asked for sensitive Data access (contacts, gallery, messages).

Then came the real horror:

Threats if payments weren’t made on time
Blackmail using private photos
Harassment through WhatsApp, calls, and social media

“You clicked for a Loan, but they took control of your phone — and your life.”

The Dark Puppeteers: Who Were They?

4 prime masterminds have been arrested by the Enforcement Directorate (ED):

-Daniel Selvakumar

Director of Xoduz Solutions — built shell companies for laundering Money.

-Allen Samuel

Director of Aprikiwi Solutions — handled technical backend and Data flow.

-Anto Paul Prakash

Ran Fake import-export operations — masked cross-border cash trails.

-Kathiravan Ravi

Used IT companies to route Scam Money overseas.

They routed the ₹230 crore through:

500+ mule bank accounts
Crypto exchanges
Fake foreign entities

Some Money was even sent to Singapore, labeled as payment for “software services” that didn’t exist!

Inside the Network: How The Scam Operated

Step-by-Step Timeline:

Loan App Launched – Fake brand, polished UI
Users Apply – App scrapes personal Data
Loan Approved – Money credited quickly
Harassment begins – blackmail via contacts & gallery
Multiple repayments demanded – no end in sight
Money laundered abroad – Fakecompanies & Crypto

“Their code was clean. Their crime was cleaner.”

Real Victims, Real Pain

A Student lost ₹2.5 lakhs.
A Mother of two was blackmailed for photos.
A Retired Man kept paying fearing exposure.

“This wasn’t just a Loan Scam. It was emotional warfare.”

Be Scam-Smart: Red Flags You Should NEVER Ignore

✅ Always install Apps only from Play Store or App Store
✅ Check reviews, permissions & privacy settings
✅ Don’t share PAN, Aadhaar or banking info via random links
✅ If harassed, report to the Cyber Crime Portal immediately: https://cybercrime.gov.in

Pro Tip“If a Loan seems too easy — you’re the real product.”