29 ACCUSED ARRESTED ACROSS INDIA

1578 LINKS FOUND ACROSS THE COUNTRY, INCLUDING 89 FIR

Face2News/Chandigarh

The police station’s cybercrime scored a major success with the arrest of a Chinese national who was overstaying his visa and the kingpin of an illegal instant loan apps racket run with a battery of 60 people under him . Another 29 defendants were arrested in a month-long marathon operation across 6 states.

Continued Investigation of Case FIR No. 33 of 03.09.2022 U/S 384, 468, 471, 420, 509, 120B IPC PS- Cyber ​​Crime, Chandigarh and FIR No. 28 of 30.08.2022 U /S 384, 419, 420, 120B IPC PS- Cyber ​​Crime, Chandigarh, 4 other people have been arrested and raids are underway to arrest the remaining defendants. Massive money laundering, opening of front companies, mule accounts, fake political parties and trusts have been exposed.

Those arrested include students, tax consultant/lawyer, directors of Shell companies/enterprises, Hawala Karobari, property dealers.

NEW ARRESTS:

Madhukar Dubey S/o Ram Krishan Dubey, #A-708, Saya Zenith, Indirapuram, Ghaziabad, Up., 38 years old. He revealed that he has been involved in Hawala Karobar for 2-3 years and has handled around 30-40 crore in Hawala transactions. He used to trade in shell companies and deliver the money to many people in different places.

Rajesh Mathur S/o Ram Khiladi, #5/142 1st Floor, Sector 5, Vaishali, Ghaziabad, UP, 40s. He revealed that he has been involved in Hawala Karobar for 2-3 years and has managed about 40-50 crores of Hawala Karobar. He used to do business in shell companies and deliver the deal to many people in different places.

Chinnasamy Sellappan N/A Sellappan R/o #1/394, Elumalakovil Street, Thanga Chiamapatti, Oddanchatram, Dindigul, Tamilnadu. He revealed that Rs. 15 Crores cheated amount transferred to his account

Total Rs. 17.31 lakhs alleged defrauded money recovered from those arrested and an amount of around 60 misses was withheld from bank accounts and 20 bank accounts were also frozen. In addition, 41 mobile phones, 9 laptops recovered from those arrested. While analyzing the flow of money to different bank accounts / UPI IDs, it appeared that all the defrauded amount transferred to the fake bank accounts of fictitious / fake companies managed by the aforementioned accused and all the accounts managed by these accused are involved in money laundering and Hawala Karobar all over India.

Total Rs. 17.31 lakhs alleged defrauded money recovered from those arrested and an amount of around 60 misses was withheld from bank accounts and 20 bank accounts were also frozen. In addition, 41 mobile phones, 9 laptops recovered from those arrested. While analyzing the flow of money to different bank accounts / UPI IDs, it appeared that all the defrauded amount transferred to the fake bank accounts of fictitious / fake companies managed by the aforementioned accused and all the accounts managed by these accused are involved in money laundering and Hawala Karobar all over India.

During the investigation of these defendants it was also found that they are also profiting from the GST through multiple transactions in different shell/fake company accounts and we are also writing a letter to the relevant department for further investigation on these aspects and suspicious role of some bank officials/managers is also involved in this scam and we will check this factor as well.

In addition, investigation participation notice has also been sent to some firms/companies involved in money flow of deceived amount of instant loan application scam. A notice of participation in the investigation was also sent to the chairman of the Bhartiya Rajnitik Vikalp party, as an amount was transferred from alleged bank accounts to the account of the Bhartiya Rajnitik Vikalp party.

From the interrogation and revelation of the arrested defendants Rajesh Mathur and Madhukar Dubey, he came to notice that persons namely Ayush Agarwal and Daksh Partap Singh of Agra are involved in the Hawala Karobar in the amount of around 100 crores and they transfer the money to China via telegraphic transfer (TT), cryptocurrency. Their warrants for their arrest without bail have been obtained from Hon’ble Court and police teams are raiding them to arrest them.

From the investigation conducted so far, it has been noticed that the person i.e. Raj Vaishnav of Chittorgarh Rajasthan is handling major accounts involved in hawala karobar and money laundering and about Rs. 10 crores transferred by him daily. Non-releasable arrest warrants for Raj Vaishnav @ Raj King obtained from court.

PS-Cyber ​​Crime team was in Tamil Nadu since last week and accused C. Chinnasamy Sellappan arrested from Tamilnadu and plaintiff received the loan amount in his ICICI bank account and he disclosed that he had sold his ICICI bank account to a person namely Saifi Mohammad resident of Kerala and he is managing his account.

In instant loan app scam people install loan application to borrow small amount and during installation the app looks for access to victim’s contacts, gallery and after that, the crooks are transforming the image available in victim’s gallery and posting it on social media, because of this about 60 people committed suicide all over India and people are also hesitant to file a complaint. Now, Chandigarh Police, after arresting 29 accused of instant loan scam, victimized people are being encouraged to file complaints regarding the loan application scam.

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