Global research underway

Vietnamese mass media reported in June, 2020 that Vietnam authorities launched a study into Cashwagon Co. Ltd and Lendtech Co. Ltd., situated in Singapore, for providing money at unreasonably highest interest levels. Cashwagon features a presence in Sri Lanka, Indonesia and Philippines, based on its web site. However, Cashwagon Sri Lanka is no longer carrying out any advertising since latest period (October, 2020). Its website don’t permits Seguin TX payday loans individuals submit an application for debts. When contacted, Samila Fernando, the CEO of Cashwagon who wished to feel recognized as the a€?former CEO’, said the organization was dormant at that time becoming. Because basis for the abrupt closing, Fernando stated it actually was due to the pandemic.

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