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Easy Loan Applications scam, PTA blocks 43 loan applications on orders of IT Ministry

Zain Aijaz by Zain Aijaz
July 17, 2023
in Featured, Tech
Reading Time: 1 min read
Easy Loan Applications scam, PTA blocks 43 loan applications

After the easy loan applications scandal, Pakistan Telecommunication Authority got into action and blocked 43 loan applications.

According to the details, PTA blocked 43 applications under immediate action following the instructions of the Information & Technology Ministry. Federal Minister for IT Syed Amin UI Haque said that strict action has been initiated against illegal loan applications.

Syed Amin UI Haque briefed that Chairman PTA was directed to take immediate action against such applications after which the platforms were blocked. PTA initiatives also include consultation and support of SECP.

FIA Accelerates Efforts Against Fraud Easy Loan Applications

On the other hand, after the death of a citizen in Rawalpindi due to Easy Loan apps financial scheme, FIA has included the records of four cell offices held by apps as part of the investigation.

FIA has approached the concerned companies to block the accounts of loan apps. The FIA ​​also received the records of all the employees of the loan apps companies, after which its ​​cybercrime team launched an investigation against 19 people.

FIA has decided to investigate the data hacking process and has sent letters to PTA to obtain records of SIMs used in financial fraud.

Zain Aijaz

Zain Aijaz

Zain is a media student and a writer by passion. He is a certified creative writer from Wesleyan University and enthusiastically writes on non-fiction and political satire. He is vastly experienced in the field of theatre and has served as a theatre mentor across different institutions. Currently, he is a contributor at The Upcut and can be reached at zainaijazdehlvi@gmail.com

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