2nd watch notice in Odisha fake loan app scam, this time against 3 Chinese nationals

Bhubaneswar: The Bureau of Immigration (BOI) has issued a surveillance circular against three Chinese nationals – Shen Zhenhua alias Tony from Jiangsu, Quan Hongwei alias Paul from Jiangsu and Yang Haiying alias Doris from Sichuan – for defrauding thousands of people through an illegal digital lending app, ‘Kredit Gold Loan App’, following a request from the Economic Offenses Wing (EOW) of Odisha Police.

“They are the mastermind and principal defendant in an EOW case under IPC Sections 294/384/420/467/468/471/120-B, r/w Sec.66(D) IT Act, 2000 (2nd Illegal Loan APP),” the EOW said in a statement Sunday.

This came four days after a surveillance circular was issued against Liu Yi, a Chinese national who allegedly operated numerous illegal mobile loan apps such as KOKO Loan, JOJO Loan, Golden Lightning Loan, Silver Kredit Loan, Gold Cash loan, Speedy rupee Loan, Xpress credit Loan, at the request of EOW.

Notably, a director of a Delhi company was arrested on July 13 in the Kredit Gold Loan App case based on a complaint filed by Shakti Prasad Dash of Bhubaneswar, alleging harassment by enforcement officers of digital loan. The accused had deceived several clients in Odisha and other states.

The investigation further revealed that he was in regular contact with three Chinese nationals and received a lump sum from them for his salary for lending/recovering money through the fake loan apps. The EOW found that the accused Chinese nationals had ties to the United States and Hong Kong. “They are expanding their financial criminal network into countries in Africa and the Middle East. They are operating in India in collusion with many front companies mainly named Goodstart Business Pvt Ltd and Rightstart Business Pvt Ltd,” the statement read.

Chinese scammers have tricked people through these bogus companies, where Indians are appointed directors. Even some unscrupulous managers of mobile phone companies, accountants, company secretaries, fintech companies, debt collectors and call centers are also involved in the bogus companies, he said. he adds.

Nitin Mallik, director of Good Start Business Services Pvt Ltd, who was a close associate and henchman of Chinese fraudsters, was brought to Bhubaneswar on Friday on remand and held in EOW custody for 4 days.

These accused persons, along with other Chinese groups, operated hundreds of illegal digital lending apps and extorted/abused thousands of innocent people, especially lower-middle-class people, according to the statement.

The EOW will direct Interpol through the appropriate channels for the extradition of these criminals and will also alert law enforcement in other countries. He has already written twice to Google to remove illegal lending apps from its Play Store. The agency also asked RBI to impress Google for the same. He urged the Registrar of Companies to investigate and take action against the alleged shell companies. The agency is also in contact with other law enforcement agencies to take necessary action against these scammers, he added.

Comments are closed.