The federal government has blocked 43 loan applications in the country, days after a father of two died by suicide over harassment from lenders.
The announcement was made by IT Minister Amin ul Haque on Monday during a briefing on the government’s response to national outrage over the suicide.
The government sprung into action over the incident after the death made headlines and has also brought the Federal Investigation Agency on board.
Haque remarked during the presentation that innocent people were being blackmaile dby these loan apps.
He also added that the apps were registerd in the Securities and Exchange Commission which had also been called upon for assistance by the government.
The FIA is also undertaking 74 different inquiries regardin loan app scams and has filed cases against three companies. A total of 17 individuals had been arrested and 30 accounts have been blocked, while five offices have been sealed.
Mauhammad Masood, 42, had died on July 12 in Rawalpindi after takinng out loans from two different applications. The amounts he had borrowed were for rent and children’s school fees but had ballooned into hudreds of thousands of rupees.
