Hyderabad: Hunt on for Chinese behind loan apps

Hunt on for Chinese behind loan apps
x

Hunt on for Chinese behind loan apps

Highlights

“We are in the process of tracing out the details of the suspected Chinese nationals and for this reason their bank accounts and their cyber activities are being traced,” says an official

Hyderabad: The fraud of instant loan apps has created a sensation all over the country, especially in metro cities like Hyderabad, Bangalore, Delhi, Noida and Mumbai. In order to bring the culprits to justice, the city police have formed special forces from the Central Crime Station (CCS) and deployed them on the task to nab the kingpin of the entire syndicate.

An officer from the CCS said on condition of anonymity that the ones who were arrested recently were just employees working for the firms. But the firms are being operated from Indonesia by Chinese nationals who developed these apps. "The special teams have scrutinised the bank accounts of the arrested and through them we have received crucial inputs about the role of Chinese nationals.

We are in the process of tracing out the details of the suspected Chinese nationals and for this reason their bank accounts and their cyber activities are being traced. Apart from it, the source of the money is also being traced and any involvement of Hawala channel is also being checked.

Departments such as Enforcement Directorate, Income Tax department and CBI have been notified about the issue as the matter could pose a threat to internal security of our country and may also impact the economy," he added.

Once the identities, details and locations of those behind the frauds known, the special teams formulated for this purpose will collaborate with the respective police of the country of the accused. These special forces cops are trained to handle any kind of issues based on the country they are deployed.

Show Full Article
Print Article
Next Story
More Stories