Delhi police arrest three more
On Sunday, Delhi Police’s IFSO unit had arrested eight people for allegedly extorting money from people using their transformed photos obtained through a wiretap loan app.
Delhi Police Special Cell IFSO Unit further arrested three other people on Monday in the Chinese loan application fraud case. On Sunday, they arrested eight people for allegedly extorting money from people using their transformed photos obtained through a wiretapping app, officials said.
Here’s what we know:
The ‘Cash Advance’ (Danakredit) app, available for download on Play Store, offered loans to users. But what it actually did was install malware on users’ phones to access their private data.
Police said the app was used to install malware on users’ phones to obtain their details, contacts and photos, which would then be sent to a third party for extortion.
According to a India time report, during a technical investigation, the police discovered that the syndicate provided easy loans through its Android application without KYC verification. They promised that the loans would be available in a very short period of time, sometimes immediately. Interest skyrocketed as a result.
Moreover, they failed to provide the full amount of the loan and charged the victims exorbitantly under different pretexts. “If the loan amount was Rs 6,000, they deducted around Rs 2,300 for service charges and the like. The victim only received 3,700 rupees,” explained DCP (Special Cell) KPS Malhotra.
“The Cash Advance app has also been connected to a server based in China by creating a proxy in the Android device. The owner has not given any legitimate information regarding the development organization or company on Google Play Store,” added Malhotra.
How was it discovered
The scam came to light when a Delhi-based woman victimized by the app filed a complaint with the police alleging that she was being harassed by a few people for money.
The woman in her complaint said that she took out a loan from the Cash Advance app and repaid the money.
But afterward, she started getting money calls from some people, who used abusive language with her and even sent her made-up photos to her family and friends.
According to police, the woman alleged that one of the defendants used the picture of a senior IPS officer for his WhatsApp profile.
Based on the woman’s complaint, a case was registered and the money trail of the alleged transaction was discovered.
What the police discovered
Delhi Police’s Intelligence Fusion and Strategic Operations (IFSO) unit foiled the racketeering. According to the police, the extorted money was routed to accounts in China, Hong Long and Dubai via cryptocurrencies.
They said the eight defendants were arrested in Delhi, Jodhpur, Gurugram and other parts of the country.
The money was discovered to be transferred to a checking account opened in the name of Balaji Technology’, a motorcycle repair shop, which was owned by a certain Rohit Kumar, a senior police officer said.
Police discovered that the account was used to funnel around Rs 8.45 crore in just 15 days to other accounts.
In all, police identified 25 other such accounts and froze them, he said.
Subsequent raids were carried out on March 13 in Pitampura and Rohini, from where police arrested four people involved in the scam, Deputy Commissioner of Police (IFSO) KPS Malhotra said.
The defendants have been identified as Rohit Kumar, Vividh Kumar, Puneet and Manish. Their cell phones and other devices used in the crime were also recovered. Later two other defendants, a man named Puneet Kumar and a woman, who remains unidentified, were arrested, along with a Krishna, who was identified as the mastermind of the whole operation, he said. .
Krishna was arrested in Jodhpur in Rajasthan on March 14, police said. Krishna, the mastermind in India, provided all the bank accounts to a Chinese national. It was revealed that all the extortion money was sent to China via cryptocurrency by him.
The crypto accounts of three Chinese nationals have been identified,” the officer said. Later, the police arrested another defendant, Sumit, from Gurugram.
Sumit performed the operation to make WhatsApp calls through a number obtained using fake documents. When questioned, he led the police to another defendant, Kartik Panchal, whom he identified as the team leader of the operation. Panchal was also arrested, police said.
“We discovered that Panchal led a team of callers who used to call loan applicants. It was also discovered that the defendant transformed and edited photos of women and sent them to their contacts to extort them money,” Malhotra said.
“Eight defendants have been arrested so far. Other victims are being identified and the remaining union members are being traced,” the DCP said.
The officer said the police froze around Rs 11 lakh in the accounts and seized Rs 4 lakh in cash found on the accused.
Last year, in January, Google removed more than 30 money-lending apps that violated the country’s banking regulations from its Android Play Store, following instructions from the Reserve Bank of India (RBI) to monitor the glut of fintech apps hosted on the search giant. Platform.
With the contribution of the agencies