The loan apps were seeking malicious permissions from users. After getting details they upload sensitive information to servers based in China and Hong Kong.
image credit- www.google.com
List of Fraud Loan apps
Cash Port
Walletwin
Supercoin
Rupee Way
Red Magic
Loan Cube
Yeahcash
Fortune Tree
Growtree
Smart Wallet
Yocash
Walletwin
Hi Rupee
In an operation Delhi Police arrested 22 people from different parts of the country