Bengaluru: 11 arrested in Rs 290 crore Hawala scam through Powerbank app


Daijiworld Media Network - Benglauru (SP)

Bengaluru, Jun 1 3: Eleven persons including four from China and Tibet were arrested by the criminal investigation department's (CID) cyber crime police. The scam involves collection of hundreds of crores of rupees from people through an app called 'Powerbank'. Sources said that it has been found that the accused were conducting transaction through the Hawala route.

The mastermind of the money laundering racket reportedly is a businessman from Kerala. The kingpin, identified as Anas Ahmed, has also been arrested. His wife, Hu Xioline, who is a Chinese citizen, has been served with notice.

Razorpay.com, a Bengaluru-based company, filed a complaint against 13 companies, alleging that they had cheated the company. The police who took up the investigation arrested two Chinese men, two Tibetans, and seven others including five directors of the company who are locals.

Preliminary investigations suggest that the accused so far have convinced people to invest about Rs 2,000 crore out of which they have cheated people to the extent of Rs 290 crore as per the investigation conducted so far. CID sources stated that about 2,400 bank accounts maintained by the accused in different banks have been frozen.

Anas Ahmed has been conducting money laundering and Hawala transactions through Hawala agents based in China. He set up various companies including Bullfinch Technologies, HK & S Ventures, Clifford Ventues and Biosoft Ventures for the purpose of illegal money transfer, it is learnt.

A Kerala-based advocate had supported the activities of the accused. He helped them to start fake companies and to perform money laundering and Hawala activities. The CID is investigating more about him. He also has married a lady from China, the CID policemen stated.

Anas Ahmed initially offered high returns within a short period to investors. Initially he paid the money along with high returns as promised but as more people invested in the company after coming to know about it through word of mouth, the company closed its business, it is said. Initially the fund collection was started through Powerbank app available on Google Store, as per information.

 

 

  

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Comment on this article

  • Mahathma, Mangalore

    Sun, Jun 13 2021

    same to same name again! all kind of illegal activities from them!!!

    DisAgree [2] Agree [15] Reply Report Abuse

  • Deshbhakt, Mangalore

    Sun, Jun 13 2021

    Now why isn't anybody blaming the ruling government ?

    DisAgree [8] Agree [33] Reply Report Abuse

  • SJM, Mangalore

    Sun, Jun 13 2021

    Do you think Hawala is possible in Good Goverance since 2014 ?

    DisAgree [8] Agree [21] Reply Report Abuse

  • H. Almeida., Bendur/Andheri.

    Sun, Jun 13 2021

    The lawless bad lands of North India, has shifted base to South India... Kerala has become the epicenter for anti national syndicates, operating with impunity, with the approval, blessings of opportunist netas !!! This evil spillover, has found its dubious influence, in Dakshin Kannada district....

    DisAgree [11] Agree [23] Reply Report Abuse

  • John, Mangalore

    Sun, Jun 13 2021

    Looks like Communist chinese luring and using for their gain and control, finally brainwash like they do to Uyguirs or they want more their agents to spread more viruses for many shutdowns and economy breakdowns ? China by hook or crook trying to control major economies as well as the world then depopulate using viruses and vaccines, control and bring their Godless dictatorship as in russia, north korea, venezuela.

    DisAgree [4] Agree [26] Reply Report Abuse

  • SAN, Mangaluru

    Sun, Jun 13 2021

    again a peaceful from god's own country😏

    DisAgree [9] Agree [41] Reply Report Abuse

  • RANGA, MANGALORE

    Sun, Jun 13 2021

    ..Chinese wife , kerala, scam..Hope people will undertsand what happening in Lakshdeep..dont carried away by some media reports, hashtag like 'save lakhadeep'..there is larger conspiracy going on..beware..

    DisAgree [8] Agree [31] Reply Report Abuse

  • Paul, Mangalore

    Sun, Jun 13 2021

    See how intelligent people we have in India. But all these are jobless need easy money so all this ...

    DisAgree [1] Agree [8] Reply Report Abuse

  • Ganesh, Mangalore

    Sun, Jun 13 2021

    Love Jihad has gone to China

    DisAgree [5] Agree [44] Reply Report Abuse

  • Subhodh, Mangalore

    Sun, Jun 13 2021

    Opposition shouting people do not have money during pandemic. Here things are different. Invest in crores to get good return. Some years back a person shown a Fake Gold Bar concealed in Swimming Pool to attract people in the name of Halala Investment.

    DisAgree [4] Agree [28] Reply Report Abuse

  • Subhodh, Mangalore

    Sun, Jun 13 2021

    Sheikh Robin is arrested in West Bengal...combination of two religions. What happened to HALALA IMA fraud. What happened to fraud in Mallaika Co-op Credit Scty Ltd. Humhe toh apnon ne loota...galhairo se kahan dum tha. Hum kashthi dhoob gayee...jahan par paisa jyada tha.

    DisAgree [3] Agree [21] Reply Report Abuse

  • Subhodh, Mangalore

    Sun, Jun 13 2021

    Kerala once more in limelight co-ordinating with communist regime.

    DisAgree [4] Agree [34] Reply Report Abuse


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