Lookout notice issued against three Chinese nationals involved in online fraud

by Akankshya Mahapatra

he Bureau of Immigration (BOI) has issued a lookout circular against three Chinese nationals in connection with a fake loan app case registered by the Economic Offences Wing (EOW) of the Odisha Crime Branch.

On receiving a request from the EOW, BOI issued a lookout circular against Shen Zhenhua alias Tony, Quan Hongwei alias Paul and Yang Haiying alias Doris. Zhenhua and Hongwei of China’s Jiangsu province and Haiying of Sichuan province are the prime accused of EOW’s second illegal loan app case.

The three Chinese nationals were accused of running fake loan apps like Kredit Gold and harassing/extorting money from over 1 lakh customers in various parts of the country including Odisha.

The EOW officers suspect the trio is running similar fake loan apps in other countries like Indonesia, Sri Lanka, Pakistan, Nepal and Bangladesh. They also have links in the United States and Hong Kong.

The EOW’s investigation has revealed the three accused were attempting to expand their criminal network in African and Middle Eastern countries.

Zhenhua, Hongwei and Haiying were operating in India in connivance with many shell companies like M/s Goodstart Business Private Limited, M/s Rightstart Business Private Limited, among others. Indians are being appointed as the directors of such shell companies.

The three accused were also taking the help of some unscrupulous officials of telecom companies, chartered accountants, company secretaries, fintech firms, recovery agents and call centres.

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