This arrest of Fang Chenjin is seen as a major breakthrough in the investigation against online fraud. In addition to this particular case, Chenjin and his apparatus have also been linked to fraud worth a total of Rs 100 crore across different jurisdictions in different states.
The Delhi police, according to various reports, have arrested a fraudster for deceiving and duping an accountant of Rs 43.5 lakh. The alleged charlatan is said to be a Chinese national by the name of Fang Chenjin.
Chinese National Arrested
Chenjin, as per reports, conducted his crime online through the operation fake stock trading avenues. According to reports, he deployed WhatsApp groups to dupe unsuspected victims, aspiring to make money through equity market trading.
This arrest of Fang Chenjin is seen as a major breakthrough in the investigation against online fraud. In addition to this particular case, Chenjin and his apparatus have also been linked to fraud worth a total of Rs 100 crore across different jurisdictions in different states.
Fraud And Money Laundering
In pursuance of reports, a total of 17 criminal complaints were registered on the official cybercrime portal.
All these cases were connected to the same Fincare Bank account.
According to the Delhi Police, his arrest has uncovered a larger nexus of cybercriminals functioning out of other Indian states, including Andhra Pradesh and Uttar Pradesh.