The scale of the scandal can be measured from the fact that Rs 21 billion is a total loss that the domestic airline industry will likely face in 2020 due to the pandemic and travel restrictions.
“These transactions have been carried out through payment gateways and bank accounts linked to these companies,” said Hyderabad Police Deputy Commissioner (Detective Department), Avinash Mohanty said. “Most of the transactions have been in the last six months. We do not know if the Rs 1.4 million transactions were intended solely for loan disbursement and money collection or if there are other reasons. We need to see if there are transactions hawala too, “Mohanty added.
Detectives said they were also surprised to learn that they had discovered a scam worth 21 billion rupees and had conducted various checks. “We were literally counting zeros, so to speak,” said a senior officer associated with the investigation at the Central Crime station.
After his arrest, Wei claimed that he did not know English, but when policemen began a sustained questioning and said they would get an interpreter if necessary, he finally began to speak poor English. “Initially he claimed he had no knowledge of the business, but when we opened his laptop, we found details of his employees, various business transactions. However, for the most part, he was very secretive about the business,” an official told TOI.
Wei was staying in an apartment in Delhi during the confinement and regularly traveled between India and China. His passport revealed, he went to Indonesia. Meanwhile, investigations revealed that companies used to transact in cillions of rupees, many of them in bitcoins.
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