More Chinese men may be involved, Rs 100 crore laundered, police say

Chandigarh Police’s cyber cell came across the names of other Chinese nationals they believe were involved in allegations of cheating and extortion of money after tricking them through small loan apps in the UT and elsewhere.

Investigators said they came across the name of another Chinese national, Jeffery Jhu, who had left India in 2020 and had been handling financial matters for online loan applications ever since. Police said they have so far seized another 20 bank accounts and frozen around Rs 50 lakh in them which they believe were obtained through means of cheating or extortion from people across the country.

A 32-year-old Chinese national, along with 20 other people, have already been arrested by the Chandigarh police cyber cell after a series of raids across the country.
Police said Jeffery Jhu’s name came out during the interrogation of previously arrested Chinese national Wan Chenghua and his aides Anshul Kumar. Chenghua and Kumar were in direct contact with Jhu. Jhu, whose identity was confirmed to UT Police by the Foreigners Registration Office in Delhi, is believed to be the man who laundered money for the gang to the tune of Rs 100 crore – a claim that the police said they would be further scrutinized by the Financial Intelligence Unit (FIU), the Enforcement Directorate (ED) and the CBI. Meanwhile, the custody of Chenghua, Kumar and Parvej Alam was extended for three more days on Friday. Police said a syndicate was run by a company named PC Finance in Gurgaon, which has many Chinese nationals in leadership positions. The company closed in 2020.

SP (cyber) Ketan Bansal said, “Jhu used to work in a pharmaceutical company in Gurgaon and Delhi. Later, he worked with PC Finance, which operated as a finance company. He managed the money of this syndicate. Currently, he is in China. The identity of other Chinese nationals will be established during the investigations. The men arrested so far have named three people – Peter, Tray and Nicoholson – saying they held senior positions at PC Finance. The authenticity of these names has not yet been verified and we have informed the FIU, ED and CBI asking them to look into the matter. »

Police said Anshul Kumar was Jeffery Jhu’s main associate in India. Chenghua also worked under Jeffery Jhu and paid around Rs 35-40 lakh to Anshul Kumar. Anshul had further handed over the money to Parvej Alam alias Jeetu Bhadana.

Police ask Google to remove some apps

Police said the defendants operated multiple loan applications online – such as Hugo Loan, Coin Cash, AA Loan, AK Loan, Win Credit. Police said they sent a request to Google to remove some of the apps from the Play Store, which they said used virtual numbers for contact. Police added that efforts were underway to trace the origin of these virtual numbers as well as to track down other suspects.

Investigators have also found so far that the defendants used social media apps DingTalk, WeChat, GB Whatsapp to communicate with each other.
The accused used a cloned version of WhatsApp

It also emerged during the investigations that instead of regularly using WhatsApp, Facebook, Instagram, the accused was using GB WhatsApp, a WhatsApp clone app which had access to all data on a person’s cell phones. Similarly, DingTalk and WeChat apps have also been used by fraudsters.

Sources said Intelligence Bureau (IB) detectives would bring their own interpreter for a thorough interview of Chenghua, who so far has shown only a rudimentary understanding of English.

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