Bhubaneswar: On the request of the Economic Offence Wing (EOW) Odisha, Bureau of Immigration (BOI), Ministry of Home Affairs, Govt. of India has issued LOC (Look Out Circular) against three more Chinese citizens.
The trio are Liu Huan, Wenhui Zheng and Xu Xiaolu, all main accused and close associates of Guanhua Wang, in a mega online Ponzi scam.
This refers to EOW Case No.19/2023 U/S 419/420/467/468/471/120-B IPC, Sec.66-C & 66-D IT Act/ Sec.6 OPID Act related to a huge pan-India online Ponzi scam involving fraud and siphoning of hundreds of crores rupees out of India using a complex network of mule bank accounts, shell companies/ firms and Crypto-traders.
Earlier, LOC was issued against the mastermind/Boss of this scam namely Guanhua Wang, age-40 of Hangzhou, China. He along with these Chinese came to India in 2019 and stayed in Bangalore for a few months. They created at least 14 shell companies to run various cyber-financial frauds.
Initially, their focus was on ‘killer Loan Apps” scams but after the banning of Apps, they switched over to other frauds like Earning Apps, Betting Apps etc.
Almost all the shell companies are based in Bangalore:- Bettec Technologies Pvt. Ltd., Winmoon Technologies Pvt. Ltd., Gamecamp Technologies Pvt. Ltd., Fintelecom BPO Pvt. Ltd. Bryontec Solutions Pvt. Ltd., Rumeasy Technologies Pvt. Ltd., Ninecity Technologies Pvt. Ltd., Joyzone Infotech Pvt. Ltd., Sparkplay Technologies Pvt. Ltd., Wideline Infotech Pvt. Ltd., Bluepond Solutions Pvt. Ltd., Jacketnet Technologies Pvt. Ltd., Ninetodo Infotech Pvt. Ltd., Geekead Technologies Pvt. Ltd.
More than 85 bank accounts having hundreds of Crores of transactions have been noticed. They have hired/ used numerous mule directors including some housewives. Many Indian mobile numbers are still used by Chinese perpetrators from China, the EOW said in a press note.
