Quick Summary
Cracking down on a major inter-state cyber scam, Uttarakhand Police arrested Chartered Accountant Abhishek Agarwal, the suspected mastermind of a fake loan app operation, at Delhi's IGI Airport. A Look Out Circular (LOC) had been issued against Agarwal, who is accused of orchestrating a financial fraud amounting to over Rs 750 crore. His arrest has blown the lid off a sophisticated and well-structured cybercrime syndicate with international connections, including Chinese nationals. A Web of
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FAQ :
Chartered Accountant Abhishek Agarwal, suspected to be the mastermind, was arrested by Uttarakhand Police.
The financial fraud is estimated to amount to over Rs 750 crore (approximately £750 million).
The apps offered quick loans but then stole sensitive personal data from users' phones. This data was used to blackmail victims into paying high interest rates, penalties, and fines.
Yes, police sources indicate that several shell companies had Chinese nationals listed as co-directors, suggesting a cross-border operation.
Officials recovered a mobile phone, passport, Indian and Thai currency, an Apple Watch, multiple digital devices, gold rings, and a power bank.
No, another key player, Ankur Dhingra, was arrested in 2023, and authorities have also raided a call centre in connection with the scam.
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