Delhi’s Shahdara Cyber Police have arrested Chinese national Fang Chenjin for his involvement in a major online stock trading scam amounting to Rs 43.5 lakh. The scam is part of a larger Rs 100 crore cyber fraud that has raised alarms across multiple states.
Investigations revealed that the fraud was connected to money laundering activities in both Andhra Pradesh and Uttar Pradesh. Authorities discovered a significant link to a Fincare Bank account, which has been tied to 17 complaints from different victims. The police are continuing their investigation into the broader network behind the scam.
Fang Chenjin’s arrest marks a significant step in the ongoing battle against cybercrime and financial fraud in India, with authorities vowing to uncover the full extent of this global operation.
