2 arrested for laundering cyber fraud money via cryptocurrency to Chinese nat’ls
Mumbai: The city Crime Branch has arrested two persons from Borivli who were part of a gang involved in laundering money obtained through cyber frauds by converting it into cryptocurrency (USDT) and transferring it to Chinese nationals.
Based on specific technical analysis, the officers of Unit 12 arrested two persons — Akhilesh Tiwari (41), a property dealer from Kandivali, and Pankaj Virendra Jha (35), a resident of Poisar from Borivali East, on Friday. Police seized Rs 2 lakh in cash, multiple bank passbooks, cheque books, debit and credit cards, fake IDs, and three mobile phones from their possession. An Ertiga car worth Rs 8 lakh was also confiscated.
