A Chinese Will Be Charged In All Loan Application Cases | Hyderabad News

HYDERABAD: Chinese national Zhu Wei aka Lambo, who was arrested by Hyderabad Police as part of the instant funding application activity in India, he is unlikely to be sent back to his native country anytime soon and detained here for several years. Police say Lambo will be charged in all relevant cases loan application case.
Police said Lambo’s business apps were primarily responsible for defaming and humiliating defaulters. As applications from Lambo’s companies figured in the majority of the 27 cases, the police decided to make the Chinese national a defendant in all relevant cases.
“In the three suicides that took place in Rajendranagar, Jagtial and Siddipet following harassment by lending app representatives, we found that some of the apps used by the deceased were directly linked to Lambo businesses,” sources told TOI. Hyderabad Police sources.
As in the case of Heera Gold Developer Nohera Sheikh, accused of deceiving and defaulting on investors and making the rounds of various courts, Lambo and his associates could face a similar fate, police said. Nowhere Sheikh continues to languish in jail on multiple cases and travels to various states attending court hearings and facing investigations from security agencies across the country.
The four Lambo-linked companies have transacted Rs 21,000 crore in the past six months, police said. “These were inbound and outbound transactions involving huge sums of money,” a police official said.
As several bitcoin transactions were carried out by companies associated with Lambo and his superiors located in China and Indonesia, officials suspect that bitcoins were used by Chinese nationals because it is easy for them to transfer money to China and Indonesia. abroad without going under the radar of Indian banks. system.
Similarly, during the online gambling racketeering cases as well, police and ED detectives had uncovered suspicious transactions made through bitcoins. ED officials had arrested an agent.
Hyderabad: Chinese national Zhu Wei alias Lambo, who was arrested by Hyderabad police in connection with instant funding application activity in India, is unlikely to be sent back to his native country anytime soon and detained here for several years. Police said Lambo would be charged in all relevant loan application cases.
Police said Lambo’s business apps were primarily responsible for defaming and humiliating defaulters. As applications from Lambo’s companies figured in the majority of the 27 cases, the police decided to make the Chinese national a defendant in all relevant cases.
“In the three suicides that took place in Rajendranagar, Jagtial and Siddipet following harassment by lending app representatives, we found that some of the apps used by the deceased were directly linked to Lambo businesses,” sources told TOI. Hyderabad Police sources.
As in the case of Heera Gold promoter Nohera Sheikh, accused of deceiving and defaulting on investors and making the rounds of various courts, Lambo and his associates could face a similar fate, police said. Nowhere Sheikh continues to languish in jail on multiple cases and travels to various states attending court hearings and facing investigations from security agencies across the country.
The four Lambo-linked companies have transacted Rs 21,000 crore in the past six months, police said. “These were inbound and outbound transactions involving huge sums of money,” a police official said.
As several bitcoin transactions were carried out by companies associated with Lambo and his superiors located in China and Indonesia, officials suspect that bitcoins were used by Chinese nationals because it is easy for them to transfer money to China and Indonesia. abroad without going under the radar of Indian banks. system.
Similarly, during the online gambling racketeering cases as well, police and ED detectives had uncovered suspicious transactions made through bitcoins. ED officials had arrested an agent.

Sara R. Cicero