hong kong: Chinese app companies remitted Rs 448 crore to Hong Kong-based firms | Hyderabad News Hyderabad police’s Central Crime Station (CCS) has booked a new first information report (FIR) and slapped cheating and forgery charges based on the recent complaint lodged by Enforcement Directorate (ED), Hyderabad unit. Apart from Hong Kong and China, the scam’s tentacles have spread to Delhi, Mumbai and Hyderabad. CCS has named 26 accused in the FIR. “In ED’s fund trail investigation of credits and debits into the bank accounts of Chinese companies Linkyun Technologies and Dokypay (which are already facing probe in betting app case), it was found that large amounts were transferred to a few Hong Kong companies. The money has been transferred allegedly for cloud computing services and freight forwarding services,” CCS said in the FIR.. “Statements of Indian directors and employees of Linkyun and Dokypay revealed that they took no such services. The outward foreign remittances were allowed by officials of State Bank of India and State Bank of Mauritius without checking,” the CCS FIR added. The banks had allowed hundreds of crores of payments of freight forwarding charges without insisting on the bill of entry and allowed remittance on the back of airway bills (AWBs). Linkyun Technology Private Limited, Dokypay Technologies Private Limited and Spotpay Technology were suspected to be involved in online betting by running games of chance and duped several Indians. ED investigations had found that Great Trans International, Genex Shopping, Asia Pacific Cargo, Radiant Spark, Connecting Worldwide and Achiever Biz International received money from the Chinese companies accused of betting. Over Rs 400 crore was transferred to Hong Kong-based companies in the name of fake freight forwarding services and cloud storage for CCTV security cameras. The airway bills submitted by banks located in Mumbai were issued at Delhi Airport. “In order to examine the veracity of airway bills, ED had summoned the original AWBs from the Airlines and GMR Delhi Airport. From the original airway bills submitted by GMR, it was revealed all airway bills submitted to State Bank of India were fake. Investigations revealed one Deepak Nayyar had arranged documents for sending outward foreign remittance of the two companies,” CCS added.. Source link