10 arrested in UP for laundering cyber fraud funds to cryptocurrency for Chinese gang

The Cyber Crime team of Uttar Pradesh Police has arrested ten individuals from Lucknow, Gonda, and Raebareli for allegedly laundering money on behalf of a Chinese cyber fraud gang by converting it into cryptocurrency. The arrests were made following an investigation into digital fraud operations with international connections.According to officials, the accused were part of a network that facilitated financial transactions for the Chinese gang. The gang defrauded people through various online scams and routed the illegally obtained funds through multiple bank accounts. These accounts were arranged by the arrested individuals, who then used the money to purchase cryptocurrency and transfer them back to the gang after deducting a commission. advertisement
According to investigators, nearly Rs 75 to 80 lakh were transferred by the accused individuals to the Chinese gang in the last two months. Among the ten people taken into custody, two have agreed to cooperate with the authorities and have been made government witnesses. The remaining individuals have been booked and sent to judicial custody. All were directly involved in coordinating with the Chinese gang, acquiring bank accounts, managing digital transactions, and profiting through commissions on each transfer. Must Watch

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