The Delhi Police have busted a multi-crore Chinese loan App fraud and extortion racket and arrested eight people from Delhi-NCR and Rajasthan involved in the case, an official said on Sunday.
Deputy Commissioner of Police, The Intelligence Fusion and Strategic Operations (IFSO) Unit, K.P.S. Malhotra said the accused were allegedly extorting money from people after trapping them into taking loans.
The accused were using a Chinese loan application to provide loans and extorting and abusing people on the pretext of not repaying the loan amount.
The police found that the extorted amount was being transferred to a current account. An amount of Rs 8.45 crores was credited in the past 15 days and the same was transferred to other accounts simultaneously.
On March 14, police arrested the mastermind of the group, Ravi Shakar from Jodhpur, who provided all the bank accounts to one alleged Chinese national.
The police said, "It was further found that the cheated amount was being sent to China through cryptocurrency by the accused Krishana. The police identified the Crypto accounts of three Chinese nationals involved in the case."
The DCP said a complaint was lodged at the IFSO unit of the Special Cell by a woman alleging that she was being abused and threatened by some unknown persons who were sending her morphed and vulgar photographs to her family, friends and relatives through social media.
Although the woman repaid the loan she started getting threat calls and messages on WhatsApp.
DCP Malhotra revealed that the complainant received threats from multiple WhatsApp numbers. One alleged WhatsApp contact user was using the picture of a senior IPS Officer as a profile picture. The loan app is malicious and uses the personal details of the user to send it to a third part.
A team of police officials conducted raids at Pitampura and Rohini areas in Delhi four of the culprits were arrested.
In another raid conducted at Gurugram, police arrested accused Sumit, who used to make calls to victims through a fraudulently obtained WhatsApp number. Another two accused in the case were arrested on the basis of information provided by him.
