Indian Helping In Chinese Loan Scam Arrested!

A while back, the Government of India had banned many Chinese loan apps in connection with a cyber scam that affected thousands of people. But the scamming didn’t stop here as the fraudsters devised new platforms for it like earning or betting apps. The Odisha police has now arrested the India operation head of these scams from Aviyur near Madurai, Tamil Nadu.

The Economic Offence Wing (EOW) of Odisha police has arrested S Chitravel and he is taken under remand for five days. The Chinese mastermind of the scam, Guanhua Wang who hails from Hangzhou, China, visited India in 2019. He along with two of his colleagues created shell companies to facilitate his fraud. S Chitravel was made the director in one such company. He was paid approximately ₹1 lakh per month for it.

The scammers used to threaten the loan victims and even send morphed pornographic pictures of the victims and their friends and family. Chitravel was the manager of the gang that used to perform all this on behalf of the scammers. According to the reports, thousands of crores have been siphoned out of the country to China through mule bank accounts and crypto trade.