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Face2News/Chandigarh

Police Station Cyber Crime achieved major success with the arrest of a Chinese national who was overstaying the visa period and kingpin of an illegal instant loan app racket being run with a battery of 60 people under him. 29 more accused have been arrested in a marathon 01-month operation spanning across 6 States.

In continuation of investigation of case FIR No. 33 dated 03.09.2022 U/S 384, 468, 471, 420, 509, 120B IPC PS- Cyber Crime, Chandigarh and FIR No. 28 dated 30.08.2022 U/S 384, 419, 420, 120B IPC PS- Cyber Crime, Chandigarh, 4 more persons have been arrested and raids are on to arrest the remaining accused. Huge money laundering, opening of shell companies, mule accounts, bogus political parties and trusts has been revealed.

Arrested persons include students, tax consultant/ advocate, directors of Shell Companies/ firms, Hawala Karobari, property dealers.

FRESH ARRESTS: 

Madhukar Dubey S/o Ram Krishan Dubey , # A-708, Saya Zenith , Indirapuram, Ghaziabad, Up., age 38 years. He disclosed that he is involved in Hawala Karobar from last 2-3 years and he handled around 30-40 crores of Hawala transactions. He used to make transactions in shell companies and deliver the cash to many people at different places.

Rajesh Mathur S/o Ram Khiladi, # 5/142 1st Floor, Sector 5, Vaishali, Ghaziabad, U.P., age 40 years. He disclosed that he is involved in Hawala Karobar from last 2-3 years and he handled amount approx 40-50 crores of Hawala Karobar. He used to make transactions in shell companies and deliver the case to many people at different places.

Chinnasamy Sellappan S/o Sellappan R/o #1/394, Elumalakovil Street, Thanga Chiamapatti, Oddanchatram, Dindigul, Tamilnadu. He disclosed that Rs. 15 Crores cheated amount transferred in his account

Total Rs. 17.31 lakhs alleged cheated money recovered from the arrestee persons and amount approx 60 lacks have been hold in bank accounts and 20 bank accounts also got freeze. Further, 41 Mobile phones, 9 Laptops recovered from the arrestee persons. On analyzing the money flow to different bank accounts/UPI IDs it emerged that all the cheated amount transferred in the fake bank accounts of shell/ fake companies managed by the above said accused and all the accounts managed by these accused are involved in Money Laundering and Hawala Karobar in all over India.

Total Rs. 17.31 lakhs alleged cheated money recovered from the arrestee persons and amount approx 60 lacks have been hold in bank accounts and 20 bank accounts also got freeze. Further, 41 Mobile phones, 9 Laptops recovered from the arrestee persons. On analyzing the money flow to different bank accounts/UPI IDs it emerged that all the cheated amount transferred in the fake bank accounts of shell/ fake companies managed by the above said accused and all the accounts managed by these accused are involved in Money Laundering and Hawala Karobar in all over India.

During the course of investigation of these accused it has also come in notice that they are taking benefits of GST also by multiple transactions in different shell/ fake companies accounts and we are also writing letter to concern department for further investigation on this aspects and suspicious role of some bank officials/ managers is also coming in this scam and we will also verify this factor.

Further, notice to join investigation has also issued to some companies/ firms which are involved in money flow of cheated amount of instant Loan Apps scam. Notice to join the investigation also issued to the president Bhartiya Rajnitik Vikalp Party as some amount transferred from alleged bank accounts to the account of Bhartiya Rajnitik Vikalp Party.

From the interrogation and discloser of arrestee accused Rajesh Mathur and Madhukar Dubey, it has come to notice that person namely Ayush Agarwal and Daksh Partap Singh from Agra are involved in Hawala Karobar approax amount 100 Crores and they transfer the money to China through Telegraphic Transfer (TT), Crypto Currency. Their Non Bailable arrest Warrants have been obtained from Hon’ble Court and police teams are raiding to arrest them.

From the investigation conducted so far, it has come to notice that person namely Raj Vaishnav from Chittorgarh Rajasthan is managing the main accounts which are involved in hawala karobar and money laundering and approax Rs. 10 crore transferred through him on daily basis. Non Bailable Arrest Warrants of Raj Vaishnav @ Raj King obtained from Court.

Team of PS- Cyber Crime was in Tamil nadu from last one week and accused C. Chinnasamy Sellappan arrested from Tamilnadu and complainant received loan amount from his ICICI Bank account and he disclosed that he sold his ICICI bank account to person namely Saifi Mohammad resident of Kerala and he is managing his account.

In the instant loan app scam general people install the loan application to take small amount loan and during the installation app seeks the access of the contacts, gallery of victim and after that the scammers morph the picture available in gallery of victim and circulate them on social media, due to this around 60 persons have committed suicide all over India and people also hesitate to lodge the complaint. Now Chandigarh Police after the arrest of 29 accused in instant loan scam, people who are victims are encouraged to lodge the complaint regarding the loan application scam.