Investigations Desk
Exposés, read from the documentary record
Long-form investigations into how companies treat the money and the people who depend on them — listed companies and their public shareholders, lenders and their borrowers. Every piece is built from the documentary record — court judgments, regulators' orders, exchange filings, and the subject's own documents and correspondence — combined with rigorous, clearly-labelled analysis. No leaks. No insider material. No anonymous sourcing.
How we work
Government data first
We start from the primary record — court orders, SEBI/RBI/MCA filings, exchange disclosures and audited annual reports — and cite it line by line.
Findings vs. analysis, never blurred
Where a court has ruled, we say so and attribute it precisely. Where we are reading a pattern in the filings, we label it as analysis and a red flag — not an adjudicated finding.
Right of reply, always
Every subject can respond. We publish corrections promptly and openly, and we invite the company and named individuals to put their side on the record.
Open investigations (3)
More Than 1,250 Borrowers Exposed, 701% a Year: The Loan Apps That E-mail Your Employer — and Put It in Writing
Ten documented recovery e-mails · Figures from the lenders' own documents
Ten recovery e-mails exposed more than 1,250 borrowers in open copy — and reached one borrower's employer. Figures from the lenders' own documents.
Brain Surgery at AIIMS, a Job Lost the Same Month, and a Blank Cheque Filled In for Rs 1.90 Crore
Housing finance company (HFC)
A Delhi borrower had Gamma Knife brain surgery at AIIMS and lost his job the same month. He asked Bajaj Housing Finance for time, not a waiver. Two years on there is still no decision — but there is a bounced cheque for Rs 1.90 crore he never filled in. Drawn largely from the lender's own written replies.
Dhanwalle Loan App: 30% a Year, or 1% a Day?
Loan app · disclosures read 29 July 2026
Dhanwalle's homepage says an APR of 15%-35%; its Terms say 200% to 365%; its Key Facts Statement says 365.00%, at 1.00% a day. All three were read on the same day. A borrower's guide to reading a loan app's own numbers.
Predatory-lending desk (10)
Per-lender exposés built from the lenders' own Key Facts Statements, agreements, recovery emails and call logs.
Ram Fincorp Released Rs 26,901 and Wants Rs 42,622 Back. Its Own KFS Says 173% a Year.
Ram Fincorp's own Key Facts Statement discloses interest of 120% a year and an all-in APR of 173.39%. A net Rs 26,901 reached a Bengaluru borrower's account; Rs 42,622 is demanded back, in six monthly instalments of Rs 7,103.
Read the exposéZayloloan Lent Rs 74,970 but Charges 1% a Day on Rs 85,000. Its Own KFS Says 458.59% APR.
Zayloloan sanctioned Rs 85,000 and put Rs 74,970 into the borrower's account, but charges 1% a day on the full sanctioned amount over a 39-day single repayment. Its own Key Facts Statement discloses an APR of 458.59%.
Read the exposéRupee On Time Charges About 635% a Year. Its Own Loan Document Says So.
Rupee On Time, an app operated by Vrinda Finlease Ltd, carries an effective interest rate of about 635% a year. The figure is not a borrower's estimate - it is documented in the lender's own loan paperwork.
Read the exposéToofan Loan Put 269 Borrowers' Identities in One Email. Every One of Them Could See the Rest.
One recovery email. Roughly 269 borrowers in the To and Cc fields, each one now able to identify the other 268 as a person in debt. Under the DPDP Act, 2023, a failure of security safeguards carries a penalty of up to Rs 250 crore.
Read the exposéSubhlakshmi Finance Put About 190 Borrowers in One CC Field. Each Could See the Rest.
One recovery email from Subhlakshmi Finance, an RBI-registered NBFC, carried roughly 190 borrowers' email addresses in the CC field instead of Bcc. Under the DPDP Act, 2023, failing to keep personal data secure carries a penalty of up to Rs 250 crore.
Read the exposéPaisaOnSalary Emailed His Colleagues About His "Default", a Bengaluru Borrower Says
A salaried borrower in Bengaluru says PaisaOnSalary, an app operated by Aman Fincap Ltd, emailed the people he works with and told them he was in "default", setting out his employment details to force payment. The RBI's Fair Practices Code bars a lender and its agents from contacting a borrower's employer to apply pressure.
Read the exposéQualoan Allegedly Emailed a Borrower's Workplace and Called It 'Employment Verification'
A documented borrower complaint states that Qualoan, an app operated by Naman Finlease Pvt Ltd, emailed staff at his employer seeking "employment verification" over an unpaid loan, and that the message reached his workplace. The RBI's Fair Practices Code bars a lender from approaching a borrower's employer to apply pressure.
Read the exposé"Emails to Your Office From 1 PM Today": The Deadline SnapPaisa Is Alleged to Have Set
A documented borrower complaint says SnapPaisa, an app operated by Ampire Finance Pvt Ltd, warned that "employment verification emails to your office from 1 PM today" would go out unless the borrower paid immediately. The RBI's Fair Practices Code bars both threats in recovery and approaching a borrower's employer to apply pressure.
Read the exposéRoughly 16 Calls in Nine Minutes: What PaisaInTime's Recovery Looks Like on One Borrower's Phone
One borrower's call log records roughly 16 missed calls from PaisaInTime, an app operated by Sawalsha Leasing & Finance Pvt Ltd, inside a nine-minute window - about one call every thirty-four seconds. The RBI's Fair Practices Code names persistently bothering a borrower as undue harassment.
Read the exposéChinmay Finlease's Lendit Agreement Says It Can Visit Your Office and Contact Your Employer
Chinmay Finlease Ltd's Lendit agreement pre-authorises visits to a borrower's home and workplace and contact with his employer, and a demand letter warns of consequences to his "employment, onboarding, financial, travel, immigration" assessments. One loan was closed and a larger one disbursed to the same borrower three days later.
Read the exposéA note on what these investigations are
These are public-records analyses and red-flag studies. Except where a court or regulator has expressly ruled, nothing here is an adjudicated finding of fraud against any company or individual. Amounts are approximate and drawn from the cited filings. If you are a subject of an investigation and believe anything is inaccurate, write to editor@oquilia.com — we correct promptly and publish responses.