Hyderabad: Another Chinese national arrested

Hyderabad: The cybercrime wing of Hyderabad police on Wednesday brought another Chinese national in loan app fraud case. The accused was identified as Zhu Wei alias Lambo (27). He was intercepted by the police at Delhi airport on Tuesday as he was trying to leave the country and brought to the city under prisoner transit warrant.

According to police, the accused is a native of Jiangxi in China and came to India on business visa and was overall head of operations of loan apps being run by the companies, Aglow Technologies Pvt. Ltd., Liufang Technologies Pvt. Ltd., Nabloom Technologies Pvt. Ltd., Pinprint Technologies Pvt. Ltd.

Avinash Mohanty, the Joint Commissioner -CCS, noted, "Preliminary investigation into the financial transactions has revealed that close to 1.4 crore transactions worth Rs 21,000 crore have taken so far from these companies. These volumes of transactions have happened over payment gateways and bank accounts linked to these companies."

He further added, "Apart from Lambo, K Nagaraju from Kurnool district of Andhra Pradesh was also arrested in this connection. He also played a key role in the operation of call centers. A large number of international transactions have also happened through bit coins and a huge chunk of transactions have taken place over the last six months. The officials who are investigating the matter revealed that the Chinese nationals arrested so far have revealed that a Chinese national by name Yuan Yuan alias Sissi alias Jennifer was the person who set up operations in India and is currently in some foreign country. Further investigation is going on into the entire scandal of app-based loans and the financial transactions of the companies."