Odisha EOW freezes Rs 1.45 crore in illegal digital lending case

Preliminary investigation reveals that the accused Nitin Malik was the director of M/s Good Start Business Pvt. Ltd. and M/s Right Start Business Pvt. Ltd which were not registered as NBFC with the Reserve Bank of India (RBI).

EOW freezes over Rs 1 core in digital lending app case

The Economic Offences Wing (EOW), Bhubaneswar has frozen Rs 1.45 crore of Nitin Malik, Director of M/s Right Start Business Pvt. Ltd in connection with a case pertaining to illegal digital lending.

The case was registered by EOW based on the complaint filed by one Sakti Prasad Dash over alleged harassment/extortion/mental torture by recovery agents of the digital loan app “Kredit Gold” by sending humiliating, abusive messages and morphed photographs.