Technology
PTA blocks 43 loan apps after scam scandal
PTA initiatives also include consultation and support from Securities & Exchange Commission of Pakistan (SECP).
Islamabad: Pakistan Telecommunication Authority (PTA) blocked 43 loan applications after the loan application scandal that took place in Rawalpindi.
According to the details, PTA blocked 43 loan applications following the instructions of Ministry of Information Technology (MoIT). Federal Minister IT Amin-ul-Haq said: “Strict action has been initiated against illegal loan application”.
IT minister stated that Chairman PTA has been instructed to take immediate action against such applications responding to which 43 applications have been blocked so far under the immediate implementation of the instructions.
PTA initiatives also include consultation and support from Securities & Exchange Commission of Pakistan (SECP).
On the other hand, after the death of a citizen in Rawalpindi due to Easy Loan apps financial scheme, Federal Investigation Agency (FIA) made the records of all four cell offices of apps part of the investigation.
FIA has approached the concerned companies to block the accounts of loan apps. They also received the records of all the employees of loan apps companies. The cybercrime wing of FIA is investigating against 19 people in this regard.
Investigation Agency has decided to make the data hacking process a part of the investigation. Letters have been written to PTA to recover the record of sims used in financial fraud.