Categories

Most Viewed

IFSO Unit of Delhi Police Nab Chinese National

Multiple complaints were received at the NCRP portal that instant loan applications are disbursing loans at higher rates and even after repayment of the loan, they are extorting money

So far more than Rs.150 crore have been siphoned off through accounts provided by Vineet and Zhang

A Chinese national Yu Zhang and Vineet Jhaver, a resident of Haryana have been arrested by the Intelligence Fusion & Strategic Operations (IFSO) Unit of Delhi Police‘s Special Cell for extorting money from people through instant loan applications, an official said on Wednesday.



In August this year, the IFSO unit busted various modules of instant loan applications having a Chinese connection and arrested 22 people for allegedly siphoning off Rs.500 crore to China by the hawala route or by investing in crypto-currency.

The accused identified as Chinese national Yu Zhang is the mastermind behind the extortion racket. The police said that so far more than Rs.150 crore have been siphoned off through accounts provided by Vineet and Zhang.

The police said that multiple complaints were being received at the NCRP portal that instant loan applications are disbursing loans at higher rates and even after repayment of the loan, they are extorting money using morphed nude pictures.

“IFSO took cognizance of the same and started analyzing the complaints at NCRP. During the analysis of the complaints, it was found that more than 100 such apps are involved in the loan and…

Read more…

    Leave Your Comment

    Your email address will not be published.*

    Fraudsters News