Bhubaneswar, Sep 4: The Bureau of Immigration on the request of the Economic Offences Wing (EOW) has issued look out circular (LoC) against three Chinese nationals in connection with an online ponzi scam.
Police said that LoC have been issued against Liu Huan, Wenhui Zheng and Xu Xiaolu. Police said that the trio are close associates of Guanhua Wang, another key accused of the scam.
Wang along with the other Chinese nationals came to India in 2019 and stayed in Bangalore for few months. They created at least 14 shell companies to run various cyber-financial frauds. Initially their focus was on ‘killer loan apps” scam but after banning of apps they switched over to other frauds like earning apps and betting apps.
They were using the morphed photos of celebrities like Amitabh Bachhan, Mukesh Ambani, Ratan Tata, Sachin Tendukar, Technical Guruji ( famous You Tuber) and Urfi Javed etc. in their online Ads to lure the new investors.
EOW, in this case, has till date frozen more than Rs 3 crores in various bank accounts.