Sometimes (neta-driven) agencies like ED cracks NBFC working with money-laundering smarties involved in cryptocurrency, or loan transactions. Regulatory measures and unplanned digitization may help mitigate risks randomly by chance or jugaad, while root of fraud i.e. financial capital ecosystem (cronies-driven) is flourishing daringly. The tentacles of our trillion dollars project continues to play its vital role in economic divide and strategic slavery. Digital loan frauds are being perpetrated through AI-converted App Stores by many big companies, racketeers, finance brands, banks and NBFCs (non-banking financial companies) with access to private data from public sources managed by PPP profiteers.

NBFCs provide many financial services, including loans, asset financing, wealth management, and microfinance. Unlike traditional banks, NBFCs are more flexible (juggad-proof) in their operations, allowing their smart staff to cater to niche markets and customers who may not have access to formal banking brands. Monopolizing to serve small and medium enterprises (SMEs), rural development, and financial inclusion jumlas / schemes.

Illegal loan applications (NBFC-tag) are engaged in harsh recovery, mental harassment and abetted self-harm due to stress, depression etc. Shady companies hire agents within political pimps, extortion mafia, regulators, stock MF markets, rich fin-trade investors and money-laundering frameworks to impose / extort hidden high rates of interest with small deadlines. They trap many small fishes in vicious cycles of debt, even driving a few to commit suicide. SME cronies were able to extract people’s personal details, pictures, AI logs and other files from their associated devices via govt leaks etc.. to PR / blackmail or even kill.

Fraud involves borrowers providing false information or documents to secure loans. Financing / banking Pros mostly collude with borrowers to approve loans without due diligence, deliberately. Fraudsters also siphon off funds by creating fictitious accounts or diverting funds meant for legitimate purposes. This can severely impact the financial health of any Finance Brand / Bank / NBFC / PSU / NGO / Ministry / Company / Country or even an individual.

There are embezzlement or manipulation of financial statements, to conceal losses or inflate profits which are easy with increasing digitization of financial services. The anyhow gujju-dhanda, phishing, data breaches, and ransomware attacks also leads to financial losses. Lastly, the historical Ponzi MLM Kalanag still works, you promise high ROI illusions and abuse funds from new investors to pay off earlier fishes. When collapse, only small fishes rot, but aquatic unicorns are also born this way, it’s versatile trade-off economics.