Chinese Man, Involved In Rs 100 Crore Cyber Scam, Arrested In Delhi

A Chinese language nationwide was arrested for his involvement in a large Rs 100 crore cyber fraud case in Delhi, officers mentioned on Tuesday. Based on the police, the accused, Fang Chenjin, was concerned in on-line inventory buying and selling scams operated via WhatsApp teams.

The incident got here to gentle after one of many victims, Suresh Kolichiyil Achuthan, filed a criticism on the cybercrime portal, saying that he was duped of Rs 43.5 lakh.

Based on the criticism, the sufferer was lured into fraudulent inventory market coaching classes and subsequently tricked into investing the cash in a number of transactions. The funds had been then transferred to a number of financial institution accounts managed by the accused.

Upon investigation, the police traced the funds to a checking account – linked to the fraudulent transactions with one switch of Rs 1.25 lakh in April. The checking account was within the identify of Maha Laxmi Merchants positioned in Mundka within the nationwide capital, the police mentioned.

A cell phone linked to the crime was additionally discovered, which led the police to establish Chenjin.

The accused resided in Safdarjung Enclave in Delhi, the police mentioned.

Based on the police, the telephone – used for conducting the crimes – had WhatsApp conversations between Chenjin and his affiliate. 

Within the chats, the accused instructed his aide to recharge the cell quantity used for the rip-off.

Not less than 17 complaints have been registered on the cybercrime portal, all linked to the identical checking account. The complaints quantity to the fraud of Rs 100 crore.

Moreover, two different circumstances in Andhra Pradesh and Uttar Pradesh, involving cybercrime and cash laundering have been linked to Chenjin, the police mentioned.

“The fraud was carried out via on-line inventory buying and selling scams orchestrated through WhatsApp teams, focusing on people. Additional investigation revealed that Fang Chenjin is linked to 2 different vital fraud circumstances involving cybercrime and cash laundering in Andhra Pradesh and Uttar Pradesh. Additional investigation is underway,” DCP Shahdara, Prashant Gautam mentioned in an official launch.