Rs 100 Crore cybercrime network busted; Chinese national arrested in Rs 43.5 lakh fraud case

New Delhi (The Uttam Hindu): A Chinese national, Fang Chenjin, has been arrested by the Shahdara Cyber Police in connection with a cyber fraud case involving a sum of Rs 43.5 lakh. Further investigation has revealed that Chenjin is also linked to a series of other scams, collectively worth over Rs 100 crore, across multiple states in India. According to police reports, Chenjin was involved in online stock trading frauds orchestrated through WhatsApp groups, where victims were lured into investing substantial amounts in what were falsely presented as stock market training sessions.

A complaint filed by Suresh Kolichiyil Achuthan in July detailed how he was tricked into investing Rs 43.5 lakh in these fraudulent schemes. The funds were transferred to various bank accounts controlled by the accused. Further probing connected Chenjin to similar scams in Andhra Pradesh and Uttar Pradesh, as well as a series of 17 additional complaints linked to the same Fincare Bank account. The police traced the funds to an account registered under "Maha Laxmi Traders" in Mundka, Delhi, which had been used for several fraudulent transactions, including a suspicious transfer of Rs 1.25 lakh in April.

Through technical analysis of call records and banking data, the police were able to identify Chenjin, who was residing in Safdarjung Enclave, Delhi. Upon his arrest, authorities recovered significant evidence, including mobile phones and WhatsApp chat logs, which provided further insight into his role in the fraud. The investigation is ongoing, and authorities are working to uncover the full extent of Chenjin's involvement in these cybercrimes.