In a huge success, the Directorate of Law Enforcement (ED) on Saturday recovered Rs 5 crore in cash during raids carried out at several locations in Kolkata, West Bengal, in connection with the case of mobile app fraud.
According to preliminary information, Republic TV has learned that the cash reserve may increase as the cash count is still in progress. Notably, earlier Saturday morning, the central agency began searches at three locations in Kolkata, including Garden Reach and Salt Lake areas. Notably, a high security deployment is seen at locations where the central agency is conducting the raids.
It is pertinent to mention that ED had also recovered a huge stash of money from the aid of former TMC Partha Chatterjee chief Arpita Mukherjee in which the central agency recovered Rs 20 crore in foreign currency. Indian and foreigners from the Diamond City residence of Mukherjee in Tollygunge. ED also recovered cash worth Rs 27.90 crore and 6 kg of gold from his residence in Belgharia, a northern suburb of Kolkata.
ED raids 6 locations in Bangalore in Chinese loan apps case
In a mega crackdown on Chinese loan sharks, the Law Enforcement Directorate carried out search operations at six locations in Bengaluru on September 4, in connection with the Chinese loan application case.
The money laundering case is based on the 18 FIRs registered by the Bengaluru Cybercrime Police Station, against numerous entities/persons in relation to their involvement in extortion and harassment of the public who had benefited from small loan amounts via running mobile applications. by these entities/persons.
During investigations, it was learned that these entities are either controlled or operated by Chinese nationals. They allegedly used false Indian documents, made them bogus directors of these companies and generated significant proceeds of crime.
The entities allegedly generated proceeds of crime through various merchant IDs/accounts held with payment gateways/banks. An amount of Rs 17 crore was seized from the merchant IDs and bank accounts of these Chinese-controlled entities. The agency froze the bank accounts of these Chinese entities.