HYDERABAD: For duping a Hyderabad resident in an App based Chinese investment fraud, police on Wednesday declared the arrest of 10 persons, which includes Chinese and Taiwan nationals, in a Rs 903 crore hawala cum money laundering fraud.
Hyderabad police commissioner CV Anand in a press conference said that 10 accused- Sahil Bajaj, Sunny, Virender Singh, Sanjay Yadav, Navneeth Kaushik, Mohammed Parvez, Syed Sultan, Mirza Nadeem Baig, Chinese national Lec alias Li Zhongjun and Taiwan national Chu Chun-Yu were arrested. Lec, who was in a detention center at Delhi, was first questioned and based on his disclosure, Chu was caught after he came to Delhi from Cambodia.
Few months ago, Tarnaka resident approached Cyber Crime police informing them that he made Rs 1.60 lakh investment through LOXAM app after they promised high return. After some days, he realised that he was duped as the App operators became inaccessible.
