In another action against the Chinese nationals and the Chinese hosted apps, the enforcement agencies have caught red-handed over the country’s disloyal traitors functioning out for their profit.
The enforcement agencies have frozen four HSBC bank accounts containing 46.96 crores after it raided multiple premises of companies involved in running Chinese Applications, according to the official statement.
The Chinese nationalists accused the scam of using Indians to carry illegal online betting and collecting over Rs 1,300 crore. Large-scale transactions have also been found by some Chinese dating apps, illegally operating for Indian customers.
It investigated that the searches were carried out at 15 locations in Delhi, Mumbai, Gurgaon, and Pune on Friday under sections of the Prevention of Money-laundering Act.
Searches were conducted on the registered office of the companies, their directors and chattered accountants involved in the illegal running of online betting Chinese application from websites which are hosted from abroad. During this course of an investigation, ED seized 17 hard disk drives, 5laptops, phobes and crucial incriminating documents.
The money laundering case is right-winged on an FIR filed by Telangana police against an accused this year and according to the statement, the probe found that with the help of some Indian chattered accountants
some Chinese nationals have floated multiple Indian companies.
Initially, some nonfunctional Indian directors used to incorporate the institutions and after some time, Chinese nationals travelled to India and took the directorship of these companies.
Some local individuals were hired and asked to open bank accounts with HSBC and open trade accounts with online wallets named Paytm, Cashfree, Razorpay, etc.” the ED said.