China-linked financial frauds and money laundering in India
India has recently witnessed a wave of financial frauds through instant microloan lending applications and crypto-currency transactions
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India has recently witnessed a wave of financial frauds through instant microloan lending applications and crypto-currency transactions
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The Cyber Crime Police of CCS arrested two suspects in connection with the loan app case on Wednesday. Shabbir Alam and Umakanth Yadav of Bangalore were running a call center called Sky Links Technology Pvt. Ltd in Koramangala, Bangalore, and were operating loan applications called Ocean Rupee, Life Wallet, Maloo Wallet, Elephant Cash, Box Cash, and Dutta Rupee under the sole