Delhi Police special unit Intelligence Fusion and Strategic Operations (IFSO) on Saturday busted an alleged extortion racket involved in providing user databa
Delhi Police bust extortion racket providing user databases to servers based in China, Hong Kong shanghainews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghainews.net Daily Mail and Mail on Sunday newspapers.
Delhi Police special unit Intelligence Fusion and Strategic Operations (IFSO) on Saturday busted an alleged extortion racket involved in providing user databa
Chinese link established in loan app scams, 4 arrested Agencies
Hyderabad: A month after the Telangana Police began the crackdown on illegal instant loan apps following suicide by five persons the investigation has revealed a deeper Chinese link to the scam. The police have taken into custody at least four Chinese nationals for running the illegal apps. The police after arresting the four are also probing the role of some other Chinese nationals. In the latest incident, Cyberabad police arrested three persons in connection with instant personal loan apps January 22.
Those arrested are Hemanth Kumar Jha, director of Flash Cash Pvt limited, Gurgaon, V Manjunath, HR Manager at Juss IT Technologies Pvt Ltd, Bangalore and Abdul Lauk, Manager/Team leader at TGHY Trust Rock Pvt Ltd. These arrests were made during the investigations into the suicide of one G Chandra Mohan (38). He had taken Rs 70,000 loans from 11 different apps. “He repaid Rs 2,00,000 to these apps in
Hyderabad: Yi Bai alias Dennis, chief operating officer (COO) of XIKAI Holding PTE Ltd (XHPL) who was arrested by Cyberabad police for running instant money apps in India, has a Master’s degree in finance from New York University.
Investigators said Dennis, 35, after he was employed at XIKAI, a Singapore-based Chinese-run company, was moved to India in February, 2020 by Zixia Zhang, chief executive officer of XHPL, to be head of their Indian-based sister company Skyline Innovations Technologies India Private Limited, Delhi. It is learnt that Dennis drew a salary of $3 lakh per month. Police suspect Zhang in the past had visited India for setting up instant loan app business. Though XIKAI is based in Singapore, Zhang reportedly resides in New Zealand.