A Chinese language nationwide, suspected to be linked to a number of instances of pretend inventory buying and selling by way of WhatsApp teams, has been arrested for allegedly duping an accountant of Rs 43.5 lakh, police sources mentioned Monday. The accused has been recognized as Fang Chenjin.
In keeping with the accountant’s grievance to the cyber-crime portal, he joined two completely different WhatsApp teams in February and March this yr on the invitation of unknown individuals. He attended a number of periods within the teams that supplied coaching on market evaluation to purchase and promote shares. “Quickly, he was lured to take a position cash by buying and selling in shares. He fell into the entice and deposited about Rs 43.5 lakh in a number of accounts,” the grievance said.
He lodged the grievance in July after he didn’t get the funding again. Investigators traced the accused by way of meticulous evaluation of financial institution transactions, addresses and cellular data, and so on, sources mentioned.
A case was quickly registered. Through the investigation, it was revealed that Rs 1.25 lakh was transferred to a separate checking account.
“The account was registered beneath one other title with their workplace situated in Mundka. Nonetheless, the cellular quantity used to commit the crime was registered beneath a special title. The deal with on which the quantity was issued couldn’t be traced, however name information evaluation confirmed that one quantity to which calls had been made was energetic. The mentioned quantity was traced to a locality in Higher Noida,” a police supply mentioned.
When police reached the situation, they discovered a girl, by way of which the whereabouts of Chenjin had been discovered and he was arrested on October 18, sources added.
In the meantime, the accused’s counsel, Advocate JP Bansal, mentioned his shopper has been “falsely implicated”. “There isn’t a restoration from him… The cell phone was additionally not recovered from the accused,” mentioned Bansal.
“There isn’t a direct or oblique authorized proof towards him. He lives hand to mouth. He was arrested as a result of he was serving to individuals of his nation who had been locked up in jails. He can’t go to China as a result of his passport has been seized,” he claimed.
Chenjin’s bail utility has been listed within the Karkardooma court docket for listening to Tuesday.
In the meantime, police are scanning extra financial institution accounts to hint if different persons are concerned within the case. “We have now additionally written to the Chinese language Embassy to nominate a translator in order that the accused could be examined. A letter has additionally been written to jail authorities in Gautam Buddh Nagar asking them for particulars of the guests to a different Chinese language nationwide of their custody to probe his hyperlinks to the case,” the supply mentioned.
Sources mentioned 17 related complaints have been linked to the fraud amounting to round Rs 100 crore. Chenjin was beforehand concerned in two different instances, one registered in Andhra Pradesh and one at Gautam Buddh Nagar.
