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ED arrests businessman with ‘Chinese links’ in Rs 84 crore mobile apps fraud case – India News

January 21, 2022
Source: intoday.in intoday.in
News Snapshot:
The Enforcement Directorate (ED) has arrested a Kerala-based businessman with alleged Chinese links in a money laundering case of Rs 84 crore through 'fraud' mobile applications, officials said. On Thursday, Anas Ahmed was arrested under the Prevention of Money laundering Act (PMLA) for allegedly committing a crime through fraud mobile applications. The ED had initiated a money laundering probe into the operations of accused entities that induced the public to invest a certain amount in a mobile application called "Powerbank" and other such fraudulent apps by assuring them to remit interest on a daily or weekly basis on the investment...
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