Chinese man responsible for scam of rupee 21,000 crore loan application arrested in Delhi
Hyderabad Police have arrested a Chinese national as part of their ongoing investigation into a multi-crore online loan scam involving a vast network of companies that charged their victims up to 36% interest, then harassed his borrowers.
Chinese national Zhu Wei (aka Lambo) was intercepted at Delhi airport on Wednesday as he tried to leave the country. The 27-year-old man, who is from China’s Jiangxi Province, was arrested today, police said.
According to police, Wei is the head of operations for illegal loan apps run by four companies – Aglow Technologies, Liufang Technologies, Nabloom Technologies and Pinprint Technologies.
A police investigation – launched after three people, including a technician, committed suicide for alleged harassment by online loan sharks – found that so far, these companies have carried out at least 1.4 crore in financial transactions, from worth almost Rs 21,000 crore.
The transactions, most of which took place in the past six months through payment gateways and bank accounts linked to these companies, police said. A large number of international transactions have also taken place via coins, they added.
Another employee, K Nagaraju from Kurnool district in Andhra Pradesh, was also arrested. He is said to have played a key role in operating call centers that allegedly threatened, harassed and abused borrowers.
With this, the number of people arrested by the Hyderabad police in this scam rose to 18.
Meanwhile, police in Cyberabad, Rachakonda and Andhra Pradesh have arrested more people in the multi-city scam, which also has footprints in Delhi, Ghaziabad, Gurgaon, Mumbai, Pune, Nagpur and Bengaluru – hence the centers of ‘calls were being exploited.
Questioning of the defendants revealed that another Chinese nation – Yuan Yuan (aka Sissi and Jennifer) – had set up operations in India. She is currently abroad, police said.