The six men, who were arrested from different parts of India over the past five days, had floated at least seven fake companies, the bank accounts of which logged transactions (inflow and outflow) of nearly ₹350 crore – including cryptocurrency exchanges -- in less than a month, officers said.
The arrested people were identified as Mustajab Gulam Mohammed Naviwala, 32, and Anisbai Ashrafbhai Vinchhi, 51 from Surat in Gujarat, Gokul Biswas, 53, from Nadia in West Bengal, and three Delhi residents named Ashok, 36, Balwant, 39, and Nitin, 24.
Of them, Nitin had earlier worked in a Chinese loan app company as a team leader and he was well versed with the working of loan apps and recovery process, officers said.
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