Delhi’s Shahdara Cyber Police Station has arrested a Chinese national, identified as Fang Chenjin, in connection with cyber fraud scams . (Photo: India Today)

Rs 100-crore online trading scam on WhatsApp busted, Chinese man arrested

The Delhi cyber police said that the accused was involved in online stock trading scams operated through WhatsApp groups.

by · India Today

In Short

  • Chinese national arrested for Rs 43.5 lakh cyber fraud in Delhi
  • Chenjin operated stock trading scams via WhatsApp
  • Police seized evidence including phone and chat logs

A Chinese national, identified as Fang Chenjin, has been arrested by Shahdara Cyber Police in connection with a Rs 43.5 lakh cyber fraud case. On further investigation, the authorities found out that the accused is also linked to scams worth over Rs 100 crore across multiple states.

According to the police, Chenjin was involved in online stock trading scams operated through WhatsApp groups. A complaint filed by Suresh Kolichiyil Achuthan in July alleged that he was tricked into investing Rs 43.5 lakh in fraudulent schemes presented as stock market training sessions. The funds were transferred to multiple bank accounts controlled by the accused.

A further probe connected Chenjin to two other cases involving cybercrime and money laundering in Andhra Pradesh and Uttar Pradesh. Police also found about 17 additional complaints registered with the Cyber Crime Portal, all tied to the same Fincare Bank account.

The police traced the funds to a bank account registered under Maha Laxmi Traders in Mundka, Delhi. This account was linked to fraudulent transactions, including a transfer of Rs 1.25 lakh in April.

Through technical analysis of call records and banking data, the team identified Chenjin, who was living in Safdarjung Enclave.

Following his arrest, the police recovered incriminating evidence, including mobile phone and WhatsApp chat logs that detailed his role in directing the scams.

Further investigation into the case is underway, the police said.