Fraudulent Rs. Another Rs 50 crore scam exposed

Bengaluru, Ta. 13

Karnataka Police has busted another Rs 50 crore scam in Chinese app fraud. Police have arrested nine people, including two Chinese nationals, for allegedly defrauding people through a power bank mobile app.

This case is related to money laundering. The main accused in the case is Kerala resident and businessman Anus Ahmed. Which is in contact with Chinese hawala operators. Ahmed studied in China and married a Chinese woman.

He set up several other counterfeit companies, including Bull Finch Technology, and sent money out through these companies. The cyber crime branch of the police said the arrested persons included two nationals each from China and Tibet and five others.

All of these people were showing themselves to be directors of the company. The search for the other accused is on. Police have frozen the bank account of the main accused and seized a large amount. The cyber crime branch said that once the money was received from the investors, the accused did not pay interest and did not return the original amount.

Karnataka CID has filed a case in this regard. CID has been asked to provide details to investors investing through the Power Bank app.

Such a big scam has been committed in just four months. In addition to the power bank, other Chinese apps are also being used to defraud. Earlier, a power bank scam worth over Rs 50 crore was uncovered.

STFA is preparing to revoke the licenses of 12 companies. Uttarakhand SSP Ajay Singh said a total of seven cases of fraud committed by the power bank app have been registered. Uttarakhand STFA has arrested two accused. While several accused have been declared wanted.

The accused who have been arrested in Delhi and Bengaluru will soon be brought to Uttarakhand, SSP STFA said. Among the companies used in the scam, six have been recommended to revoke the licenses of Pawan Kumar Pandey, three in the name of Prakash Bairagi and three in the name of Ram Ujagar.