27-yr-old Chinese man, head of ₹21,000-cr loan app scam, arrested from Delhi
The Hyderabad police arrested a 27-year-old Chinese national in the ₹21,000-crore loan app scam after intercepting him at the Delhi Airport. Police said Zhu Wei is the overall head of operations of the illegal loan apps run by four companies. The apps charged up to 36% interest and harassed borrowers for loan recovery, leading them to even commit suicide.