Loan app fraud: Chinese manager, who set up shell companies, Identified: The Tribune India
Chandigarh, September 16
A Chinese national, Jeffery Jhu, who left India in 2020 has been identified as the overseas handler of the gang arrested by Chandigarh police for cheating and extorting money from people under the guise of providing an instant loan through various applications.
UT police had arrested 21 suspects, including Chinese national Wang Chengua, Anshul Kumar and kingpin Parwej Alam, aka Jitu Bhadana, aka Sonu Bhadana, in connection with the case.
SP (Cyber Crime Investigation Cell) Ketan Bansal said that Jeffery became the main handler who used to give instructions to Anshul and Chengua. “Jeffery had set up shell pharmaceutical and freight companies and Anshul, involved in money laundering, was appointed director of two such companies by him,” the SP said.
Jeffery managed illegal income transferred to China through the hawala network. Investigations into the well-knit money laundering racket also revealed that the majority of the suspects had worked at PC Finance, Gurgaon in 2019-20.
Upon checking the company’s records, police discovered that foreign nationals Peter, Tray and Nicolson held the management positions of the company. “We still have to verify whether these are the real names of the suspects,” the SP said.
Police wrote to Google asking it to remove apps including Hugo Loan, Coin Cash, AA Loan, AK Loan, Win Credit, and more.
The accused used to communicate with his master through social media applications such as GBWhatsApp, DingTalk and WeChat. GBWhatsApp is a WhatsApp clone, offering features like hidden messages, auto-reply, etc. Police have now searched for information on these social media apps.
They further sent a request to the Foreigners Regional Registration Office (FRRO), Delhi, for details of Chengua’s visa, which had expired in 2020. This added to the case,” the police said.
The police further wrote to the Directorate of Law Enforcement, the CBI and the Financial Intelligence Unit. The bank accounts to which the money was transferred are in the name of fictitious companies, some of which turned out to be registered on false documents and addresses. About Rs 50 lakh has been frozen in these accounts.
The suspects appeared in a local court today, which took 18 people into custody and extended the custody of Chengua, Anshul and Pawrej until Monday.