VISAKHAPATNAM: The city police on Tuesday arrested R Jayasimha Reddy, a native of Hyderabad, in connection with the alleged torture to Vizag-based woman from instant loan app operators.
The investigation has revealed shocking facts that Jayasimha Reddy had links with Chinese and Hong Kong gangs and he had been involved in transactions of over Rs 100 crore through sixteen bank accounts with fake firms and IDs and he didn’t pay a single rupee of tax to the government. Around Rs 1.15 crore belonging to the accused was frozen in the banks by the Cybercrime sleuths.
City police chief Ch Srikanth said that a woman from Vizag city downloaded the Shuttle Loan app. She has applied for a loan of Rs 5,000 and she availed a loan of Rs 3,850 and she was asked to pay the loan within three days. Even before the deadline for the repayment of the loan, the loan app operators threatened her to pay Rs12,000.
Though she paid Rs12,000, the loan operators harassed her, and they threatened that they would send the morphed images of the woman to her friends and relatives and they also abused her.
Based on the complaint from the woman, the cops of cybercrimes police station in Vizag led by Inspector of Police Bhavani Prasad Rao and ASI B Srinivasa Rao and constables B Chandra Sekhar and BV Satish investigated the case with the transactions of the victim, said Srikanth.
The teams have found the WhatsApp number of the suspect located in Nepal, CAF details in North India and location in Tamil Nadu. After investigating her transaction, it was found that Rs5,000 was deposited in the Hyderabad branch of Canara Bank and it was found that an account was opened in the name of a private firm.
With some details of the bank, the police managed to nab one R Jaisimha Reddy in Hyderabad. On interrogation, he confessed that he contacted one Kevin through Facebook who operated from China and Hongkong. Later Reddy began providing bank and firm accounts with his KYC. Reddy had access to OTP and other details. He was successfully covering the tracks of the Kevin.
So far Reddy gave 11 firm accounts to the Chinese organizers and current account details with KYC. Reddy benefited to the tune of Rs 1.15 crore from the Chinese companies. Around Rs 70 lakh was deposited in the SBI accounts in north India, Rs 30 lakh in the form of crypto currency. Around Rs 10 lakh was deposited in his father’s account in Kadapa, Srikanth added. The case involves huge transactions, it required a comprehensive investigation with various agencies, he added.
He said the Cyber wing of Visakhapatnam froze about Rs 1 crore spread in 16 bank accounts. People who lost money through the Loan App could contact the cyber wing for refund of money, Srikanth added.
The investigation has revealed shocking facts that Jayasimha Reddy had links with Chinese and Hong Kong gangs and he had been involved in transactions of over Rs 100 crore through sixteen bank accounts with fake firms and IDs and he didn’t pay a single rupee of tax to the government. Around Rs 1.15 crore belonging to the accused was frozen in the banks by the Cybercrime sleuths.
City police chief Ch Srikanth said that a woman from Vizag city downloaded the Shuttle Loan app. She has applied for a loan of Rs 5,000 and she availed a loan of Rs 3,850 and she was asked to pay the loan within three days. Even before the deadline for the repayment of the loan, the loan app operators threatened her to pay Rs12,000.
Though she paid Rs12,000, the loan operators harassed her, and they threatened that they would send the morphed images of the woman to her friends and relatives and they also abused her.
Based on the complaint from the woman, the cops of cybercrimes police station in Vizag led by Inspector of Police Bhavani Prasad Rao and ASI B Srinivasa Rao and constables B Chandra Sekhar and BV Satish investigated the case with the transactions of the victim, said Srikanth.
The teams have found the WhatsApp number of the suspect located in Nepal, CAF details in North India and location in Tamil Nadu. After investigating her transaction, it was found that Rs5,000 was deposited in the Hyderabad branch of Canara Bank and it was found that an account was opened in the name of a private firm.
With some details of the bank, the police managed to nab one R Jaisimha Reddy in Hyderabad. On interrogation, he confessed that he contacted one Kevin through Facebook who operated from China and Hongkong. Later Reddy began providing bank and firm accounts with his KYC. Reddy had access to OTP and other details. He was successfully covering the tracks of the Kevin.
So far Reddy gave 11 firm accounts to the Chinese organizers and current account details with KYC. Reddy benefited to the tune of Rs 1.15 crore from the Chinese companies. Around Rs 70 lakh was deposited in the SBI accounts in north India, Rs 30 lakh in the form of crypto currency. Around Rs 10 lakh was deposited in his father’s account in Kadapa, Srikanth added. The case involves huge transactions, it required a comprehensive investigation with various agencies, he added.
He said the Cyber wing of Visakhapatnam froze about Rs 1 crore spread in 16 bank accounts. People who lost money through the Loan App could contact the cyber wing for refund of money, Srikanth added.