As many as 11 men, including two Delhi-NCR-based chartered accountants, have been arrested for cheating over 5 lakh Indians of over ₹150 crore in two months on the pretext of "lucrative returns" through investment apps. The police said the owners of the apps are based in China. They added the CAs created over 110 shell companies for "Chinese fraudsters".
Chinese authorities arrested over 1,100 people suspected of using cryptocurrencies for money laundering. The Public Security Ministry said that by Wednesday afternoon, police had busted more than 170 criminal groups involved in using cryptocurrencies to launder money. China's Payment and Clearing Association said the number of crimes involving the use of virtual currencies is on the rise.