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Hyderabad: In the continuing crackdown against the dubious instant loan apps cheating and harassing people, the cyber crime wing of Hyderabad police has arrested a Chinese national who was trying to escape from the country.
27 year old Zhur Wei alias Lambo was arrested at the Delhi airport almost a week after raids across many cities in India exposed a massive fraud and extortion running into several billions dollars which was transferred out of the country in the form of bitcoins.
Arrest of Lambo, who hails from Xiangxi province, has taken the criminal investigations by the police of Telangana, Haryana, Karnataka and many other Indian states close to the alleged Chinese brain behind the operations.
Two including Chinese national held in loan app fraud case
By Mansoor| Published: 31st December 2020 11:55 pm IST
Hyderabad: Two persons, including a Chinese national have been arrested in a loan app fraud here, police said on Thursday.
The main accussed has been identified as Zhu Wei (Lambo), a 27-year-old from China. He was overall head of operations of the loan app being run by the companies Aglow Technologies Pvt Ltd, Liufang Technologies Pvt Ltd, Nabloom Technologies Pvt Ltd, Pinprint Technologies Pvt Ltd.
In addition, another individual by name K Nagaraju of Kurnool district was also arrested. He played a key role in the operation of call centres.