Uttarakhand: Fraud through fake loan apps and shell companies, mastermind arrested from Delhi airport
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Uttarakhand STF has achieved a major success in the case of interstate cyber fraud by arresting a chartered accountant from Delhi airport. The accused was trying to flee the country.
Fraud case through fake loan apps and shell companies
According to the police, accused Abhishek Agarwal had registered 13 fake companies in his name and 28 companies in the name of his wife, many of which have Chinese citizens as co-directors. These shell companies were used for cyber fraud through fake loan apps. Investigation so far has revealed that suspicious money transactions of more than Rs 750 crore have taken place in the accounts of these companies, the investigation of which is ongoing.
One mastermind of the gang has already been arrested
STF has already arrested another mastermind of the gang, Ankur Dhingra, from Gurgaon. The gang used to get access to people’s mobile phones by luring them with quick loans through apps like Inst Loan, Maxi Loan, KK Cash, RupeeGo, and then blackmail and mentally harass them by stealing their gallery, contacts and personal data.
Cyber fraud network was started in 2019
Initial investigation has revealed that Abhishek had traveled to China, Shanghai and Shenzhen in the year 2019 and started this cyber fraud network in India in collaboration with Chinese citizens. Mobiles, passports, Indian and foreign currency, digital devices and valuables have been recovered from the accused. Criminal cases are registered against the accused in many states of the country.
