Hyderabad: In another example of Chinese fraudsters who deceived investors who were easily fooled, two locals were arrested by Cyber Crime Cops in the city because it allowed Chinese handlers using their fake investment accounts.
Srinivasa Rao (45), an accountant from Srinagar Colony, and his friend and Vijay Krishna (37) from Nallakunta, was arrested after complaints on August 5 by a woman who lost Rs 2.5 lakh.
Allegations claimed to have opened a bank account on behalf of a fictitious company according to the instructions of the Chinese scams.
The woman clicked on the WHATSAPP link for the work-from-home and directed investment scheme to register on the Mall008.com website via the telegram.
“The victim initially deposited a small number of scamsters bank accounts through a QR code.
The number doubled in a few days and until the small investment of the victim was allowed to retreat.
But when he invested Rs 2.5 Lakh, he lost access,” said Cyber Kvm Prasad crime , Rao and Krishna were taken after the police tracked their transactions.
“The defendant worked for the commission.
We did not know the location of the main defendant.
We have confiscated two cellphones, five checkbooks, four debit cards and RS 21,500.
The bank has been told to freeze Rs 19 lakh in two accounts,” said a police officer.
Two held to run Chinese investment fraud in HYD
