₹100 Crore Cyber Scam Exposed: Chinese National Arrested in Delhi
Delhi Police arrests Chinese national Fang Chenjin for orchestrating a ₹100 crore cyber scam through fake stock trading schemes on WhatsApp. Check how the fraud unfolded and the ongoing investigation into this high-profile cybercrime case.
In a major crackdown on cyber fraud, Delhi Police arrested a Chinese national, Fang Chenjin, accused of running a ₹100 crore scam. The operation, based on fraudulent online stock trading schemes, targeted victims through WhatsApp groups, luring them into fake investment opportunities.
The investigation began after Suresh Kolichiyil Achuthan filed a complaint, alleging he lost ₹43.5 lakhs. Police traced the money to multiple accounts, including one under "Maha Laxmi Traders" in Delhi. A crucial breakthrough came from the recovery of a mobile phone linked to the transactions, containing WhatsApp chats with detailed instructions for managing the scam.
Chenjin, residing in Delhi’s Safdarjung Enclave, allegedly used these accounts to launder funds. At least 17 similar complaints, totaling ₹100 crore in fraud, have been traced to the same bank account. The accused has also been linked to additional cybercrime and money laundering cases in Andhra Pradesh and Uttar Pradesh.
DCP Shahdara Prashant Gautam confirmed ongoing investigations, stating, “The fraud was carried out through elaborate stock trading scams, targeting unsuspecting individuals.” Authorities are now probing Chenjin’s broader network and potential links to other cybercriminal activities.
The arrest highlights the growing sophistication of cyber scams and underscores the need for vigilance among online users.
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