Fang Chenjin, a Chinese national, has been arrested by the Shahdara Cyber Police for his involvement in a cyber fraud of Rs 43.5 lakh. Investigations revealed that he is connected to online scams worth over Rs 100 crore across multiple states.
Online Trading Scams Operated Through WhatsApp Groups
The Delhi Cyber Police discovered that Chenjin was running fraudulent online trading schemes WhatsApp groups. A complaint by Suresh Kolichiyil Achuthan in July alleged that he was tricked into investing Rs 43.5 lakh in what appeared to be stock market training sessions. The funds were transferred to multiple bank accounts controlled by Chenjin.
Links to Scams Across Multiple States
Further inquiries connected Chenjin to cybercrime and money laundering cases in Andhra Pradesh and Uttar Pradesh. Authorities also uncovered 17 additional complaints registered on the Cyber Crime Portal, all tied to the same Fincare Bank account used in fraudulent activities.
Fraudulent Transactions Traced to Delhi Bank Account
The police traced a bank account under the name Maha Laxmi Traders in Mundka, Delhi, which was linked to multiple fraudulent transactions. This included a suspicious Rs 1.25 lakh transfer in April.
Identification Through Technical Analysis
Using call records and banking data, investigators identified Chenjin, who was residing in Safdarjung Enclave. His role in orchestrating the scams was confirmed through technical evidence.
Evidence Seized During Arrest
Upon arrest, police recovered critical evidence, including mobile phones and WhatsApp chat logs. These detailed his operations and the methods used to carry out the scams.
Ongoing Investigation
The Delhi Cyber Police stated that further investigation into the case is underway to uncover additional connections and accomplices involved in the fraudulent activities.