Udayavni Special

Rs 50-crore online racket run by Chinese busted, 3 Indians held


PTI, Feb 8, 2021, 5:11 PM IST

Hyderabad: An online racket involving two Chinese nationals was busted with the arrest of three Indians who allegedly duped around 20,000 people across the country to the tune of Rs 50 crores by offering huge returns on investments, police said on Monday. The trio, along with the absconding Chinese, was accused of enticing the public by offering 4.5 times returns on deposits in 90 days, Cyberabad Commissioner of PoliceV C Sajjanar said.

Acting on a complaint by a depositor, a case was registered and the Indians were arrested in Haryana and Delhi, the police said. One of the Chinese nationals left India and did not return while the other had never come to India. They, along with the trio, launched an app and started cheating people, according to police. Explaining the modus operandi, police said the accused through different WhatsApp Admins across the country shared the information about the app inviting investments/deposits in their three schemes assuring 4.5 times returns on the deposits in 90 days. The gullible depositors, having got attracted towards the schemes, shared their personal and bank details through a link received on their registered phone number, the police said.

Subsequently, the app was shut down, they said. Investigation revealed that the money/deposits paid by the depositors were credited to the bank accounts of fraudulent Indian companies registered with a payment gateway through various Chinese websites, they said.

.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Assam: Hailakandi dist admin selects sparrow as mascot of voter awareness programme

England totter to reach 91 for 6 at tea, India on course for WTC final

Delhi CM approves constitution of own school board

SC to commence hybrid physical hearing of cases from March 15

Raped 27 years ago, woman files case against 2 after son asks father’s name

62-yo Rajasthan BJP MLA appears for BA exam

Pakistan PM Imran Khan wins trust vote in National Assembly




Related Articles More

Assam: Hailakandi dist admin selects sparrow as mascot of voter awareness programme

Delhi CM approves constitution of own school board

SC to commence hybrid physical hearing of cases from March 15

Raped 27 years ago, woman files case against 2 after son asks father’s name

62-yo Rajasthan BJP MLA appears for BA exam

MUST WATCH

Opposition is conspiring against us: Bhyrathi Basavaraj

Mangaluru: Jewellery store owner chases, nabs man who fled with gold ring

Mangaluru; Police arrested four students for ragging junior students

Mangaluru: Rear axle of car breaks away in collision

Mangaluru: police arrested three students in connecting with ragging junior students

Latest Additions

Assam: Hailakandi dist admin selects sparrow as mascot of voter awareness programme

Opposition is conspiring against us: Min Byrathi

England totter to reach 91 for 6 at tea, India on course for WTC final

Udupi: ‘Pustakotsava’ sees mass footfall; books worth Rs 1.4L sold on 1st day

Delhi CM approves constitution of own school board

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.