Indore police have arrested a 23-year-old MBBS student, Vikram Vishnoi, in connection with a cyber fraud case involving the laundering of ₹8 lakh through cryptocurrency. The accused, a third-year student at the Government Medical College in Alibag, Maharashtra, allegedly facilitated the transfer of illicit funds to a Chinese cybercrime gang.
The case began following a complaint from a software engineer who had fallen victim to a cyber scam, losing ₹1.35 lakh. A subsequent investigation revealed that Vishnoi had become involved in the laundering of these funds, which were converted into cryptocurrency and sent to a crypto wallet linked to a Chinese gang.
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi confirmed that Vishnoi, originally from Jodhpur, Rajasthan, was a member of a Telegram group that connected him with five Chinese nationals. He is accused of providing bank accounts to the gang on a commission basis, through which the fraud proceeds were converted into cryptocurrency. These funds were then transferred to a crypto wallet associated with an individual identified as “TLX.”
Vishnoi used the Binance cryptocurrency exchange platform to facilitate the transactions, employing a QR code to make the transfers. Authorities further revealed that Vishnoi communicated with the Chinese gang members via a chatbot that provided mutual translation services between English and Chinese.
The police are currently working with Telegram and Binance to obtain more information regarding the transactions and the individuals involved in the operation. They are also investigating the broader involvement of the Chinese gang in facilitating cybercrimes across India.
“We are committed to thoroughly investigating the role of the Chinese gang in enabling cyber frauds in the country,” DCP Tripathi stated.
This arrest underscores the increasing use of cryptocurrency in facilitating and laundering proceeds from cyber crimes, prompting authorities to strengthen their efforts in curbing such illegal activities.
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