Margaret chan, Former Director of Health, Hong Kong

Bhubaneswar, July 17 A lookout circular has been issued by against three Chinese nationals for their alleged involvement in a mobile loan app scam, Odisha Police said on Sunday.The action was taken by the Bureau of Immigration on the request of the state police's Economic Offences Wing (EOW).The three, identified as Shen Zhenhua, alias Tony of Jiangsu, Quan Hongwei alias Paul of Jiangsu, and Yang Haiying, alias Doris of Sichuan, China, are the main accused in a case registered against Kredit Gold loan app. This is the second illegal loan app case investigated by EOW.There are more than one lakh victims of Kredit Gold loan app across the country including many from Odisha, the EOW officials said.The officials suspect that the Chinese nationals are also running a similar scam in countries like Indonesia, Sri Lanka, Pakistan, Nepal, and Bangladesh."They also have links in the US and Hong Kong. They are in the process of expanding their financial criminal network in African and Middle East countries," an official said.The mastermind operates in India in connivance with many shell companies and Ind are made directors of these companies. They also take help from some unscrupulous officials of mobile companies, chartered accountants/company secretaries, fintech companies, recovery agents/ call centers etc., it said.The Odisha Police also suspect that these accused, along with some other Chinese groups, are running hundreds of illegal digital loan apps and extorting from/abusing/mentally torturing lakhs of innocent loanees, mainly from lower middle-class.The EOW also said that it will move Interpol through proper channels for extradition of these criminals to India and also to alert law enforcement agencies of other countries.It has already arrested several persons in connection with a fake loan app scam and written twice to Google to take down the illegal apps from its play store.It has also requested the RBI to impress upon Google for early taking down of the illegal apps and requested Registrar of Companies to inquire and take necessary action against suspected shell companies.Earlier, the Bureau of Immigration had issued a look out circular against Chinese national Liu Yi, the main accused in another case registered by the EOW in against mobile loan app scam.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Margaret ChanFOLLOW

Margaret chan, Latest News

London, July 25 China is the biggest long-term threat to Britain, Prime Minister contender Rishi Sunak will say ... ...

A senior official, Li Huanting, who worked under the Chinese financial watchdog's provincial bureau is facing a probe for serious law violations, a local media report said. ...

Chinese President Xi Jinping's two-day visit to Xinjiang, where he was criticised for actions against Uyghur Muslims, signals no change in his Uyghur policy. ...

The Enforcement Directorate (ED) has attached movable properties worth Rs 253.62 crore of fugitive diamantaire Nirav Modi's group of companies in Hong Kong. ...

New Delhi, July 22 The Enforcement Directorate (ED) on Friday said it has attached proceeds of crime in ... ...

International businesses are assessing the implications for global trade following possible intense disruption of trade in the event of an escalation of conflict between Taiwan and China. ...

Taking a dig at Biden's recent visit to Saudi Arabia, Chinese Foreign Minister Wang Yi in a virtual meeting with his Syrian counterpart, Faisal Mekdad, called on the US to refrain from "meddling" in the internal affairs of the Middle East on Friday. ...

Bhubaneswar, July 17 A lookout circular has been issued by against three Chinese nationals for their alleged involvement ... ...