Experts suggest monitoring of the apps and schemes can be done at police stations as complaints in this regard are piling up with the cyber crime police and they can’t do much about it as resources are limited
Chinese criminal syndicates and gangs are running scam operations in India and several such digital loan shark cases have been detected in the recent past and it is suspected that the scale of such illegal activities has only increased over .
The probe has found that KYCs (Know Your Customer) of several employees were obtained to open bank accounts in their names without their consent, sources said.
ED officials said these Chinese national-controlled entities indulged in money laundering activities through merchant IDs maintained with various payment gateways like Razorpay, Cashfree, Paytm, PayU, and Easebuzz, and several bank accounts.