Chinese Mobile Apps: 100 plus apps sent thousands of crores to China, revealed in ED investigation

Pankaj Prasad
Chinese Mobile Apps
Chinese Mobile Apps

Indians are increasingly falling prey to fraud through mobile apps.

Chinese Mobile Apps: Indians are increasingly getting trapped in the trap laid by China and are being cheated through mobile apps. Not only this, crores of rupees are also being duped to the government through these apps. According to the information, China is also causing tremendous damage to India financially through the mobile app. This has been revealed in the investigation of the Enforcement Directorate (ED).

ED's investigation revealed this

According to the TOI report, during the investigation, the ED has found more than 100 such apps related to loans, betting and dating, which are controlled from China. It is being told that Rs 1,300 crore has been earned through the betting app alone. The ED investigation has revealed that some Chinese nationals have illegally formed several Indian companies. Thousands of crores of revenue was collected through these companies. Then hiding these money from the Indian government and took them to China. Quoting ED sources, it has been told in the report that with the help of chartered accountants, these Chinese nationals are rigging. It has also been pointed out that initially companies are formed using dummy Indian directors. After some time Chinese citizens come to India and become directors in these companies and then start their game.

Indians also involved in the game

The Enforcement Directorate had frozen Rs 47 crore in HSBC Bank two years ago for illegal money transfers in China linked to the Chinese betting and dating app. After which the ED focused on several payment gateways including Paytm, Cashfree and Razorpay for not reporting these transactions to the FIU (Financial Intelligence Unit). During this, Rs 17 crore was recovered in these wallets last week. It was told that this amount allegedly belonged to the owners of China Loan App and related entities. These apps have also been involved in extortion in India. During investigation, it was found that Indian citizens are also involved in this game and they are kept for the purpose of opening bank and business accounts.