 "fraud probe")
The Enforcement Directorate (ED) on Tuesday summoned senior executives of Google and sought a detailed list of micro-lending apps operational in the country, as part of its ongoing investigation into instant app-based loan frauds.
“Executives at Google, Hyderabad, were called today to provide a list of all such mobile apps in order to verify them through the Google Play Store,” said a person in the know.
The agency’s Hyderabad office is probing 38 non-banking financial companies (NBFCs) and over 300 fintech firms under the anti-money laundering law for providing instant micro-financing using mobile apps and seeking high interests from defaulters.
The agency suspects
