ED raids Chinese app firms in Bengaluru, seizes Rs 5.85 crore

The Enforcement Directorate ED on Monday said that they recently conducted search operations on 12 entities in Bengaluru having Chinese links and seized around Rs 585 croreThese firms were allegedly cheating innocent youths on the pretext of providing them parttime jobs through the Chinese app Keepshare and collecting money from them The money thus collected was used to buy crypto currenciesThe ED initiated money laundering investigation on the basis of an FIR registered at the South CEN Police Station Bengaluru City in a matter related to the parttime job fraudThe ED learnt in the investigation that gullible public mostly youths were cheated by some Chinese persons through a mobile app namely Keepsharer which promised them to give parttime jobs and collected money from themThese Chinese persons formed companies in India and recruited many Indians as directors translators for translating Mandarin to English and vice versa HR Managers and Tele callers They obtained the documents of Indian persons and opened bank accounts by using their documents The accused Chinese persons developed a mobile app in the name of Keepsharer and started its advertisement through WhatsApp and Telegram by offering part time job opportunities to the youths This app was linked with an investment app and they collected money from the youths for registration on this appAlso Read Lady MSRTC conductor suspended for shooting videos uploading on social mediaThey collected money from the public also in the name of investment through this app The youth were given the task of liking the videos of celebrities and uploading them on social media When the task was completed they used to pay Rs 20 per video which was to be credited in the Keepsharer wallet the official saidThe ED said that for some time money got credited in their wallet but later on the app was removed from the playstore Thus the public was cheated with their investment amount and the remuneration to be paid which ran into crores of rupeesThe money collected through the scam was routed from the bank accounts of some Bengalurubased companies and then converted into crypto currency and transferred to Chinabased Crypto exchanges All the transactions were under the control of Chinese persons through phone and WhatsApp groupsAs per the charge sheet filed by the police out of 92 accused six are Chinese and Taiwan nationals who were controlling the entire scamFurther investigation in the matter was onThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever