These agents created closed Telegram and WhatsApp based groups and attracted lakhs of gullible Indians. Further, networks of agents were hired to attract new customers/members. These websites attracted gullible persons to become members and to place bets on various online APPs, which promised attractive rewards on simple games of chance. The Company floated a large number of similar-looking websites, which were hosted through Cloudflare, USA. Once Bank Accounts were opened, the Internet access credentials were couriered by the Indian Employees to China and major payment instructions came from the beneficial owners who were ensconced in China. These online wallets lacked diligent mechanisms and their non-reporting of suspicious transactions to the regulatory authorities helped the aforesaid Company to launch Pan India operations.
Some Locals were hired and opened bank accounts with HSBC Bank and trade accounts with online wallets namely Paytm, Cashfree, Razorpay etc. Initially, dummy Indian directors were used to incorporate the companies and after some time, Chinese nationals came down to India and took directorship in these companies. They were lured to deposit a certain sum of amount at the point of subscription and they had an option to deposit money in their wallets. In fact, in brief, they lured many gullible Indians to play online games by depositing amounts into the accounts of online games. In the year 2018, a Chinese company, M/s Beijing Tomorrow Power Company and its promoters Ling Yang, Ming Yang, Jinling Wan and other directors Liu Yang and Yan Hao with the help of some Indian Chartered Accountants floated multiple Indian Companies.
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