Telangana’s Cyber Crime Police has busted a fake Chinese investment worth 903 crore rupees in Hyderabad. Apart from this, 10 people, including Chinese and Taiwanese nationals, have been arrested from Mumbai and Delhi, who were involved in the hawala business. Police Commissioner CV Anand said that the nabbed culprits include Sahil Bajaj, Sunny Pankaj, Virendra Singh, Sanjay Yadav, Muhammad Parvez, Syed Sultan, Mirza Nadeem Beg, Navneet Kaushik, Chinese national Lek Lee Zhongjun, and Taiwanese national Chu Chun-Yu.
On the basis of a complaint filed by a resident of Tarnaka, the cyber- crime police registered a case against an investment app called ‘Loxum’, for the fraud of 1.6 lakh rupees through investments. The investigation revealed that the complainant’s money was deposited in the Induslnd Bank, in the name of ‘Shindai Technologies’. This bank account was opened by Virendra Singh, who was then nabbed from Pune. During interrogation, he revealed that the account was opened on the suggestion of a Chinese named Jack, and the username and password for internet banking was also given to him.
Delhi’s Sanjay Yadav, too, following what Lek Lee said, opened another bank account and similar to the case of Virendra, gave the access to other Chinese nationals. Similarly, he opened accounts in 15 other banks and gave the access to Taiwanese Chu Chun-Yu.