China’s helpful CA arrest

New Delhi: The ED has arrested a CA named Ravi Kumar for sending out large sums of money to Chinese companies. It is alleged that he sent Rs 1100 crore of Chinese companies out of the country by preparing fake airway bills. Chinese companies had duped millions of people through online games and dating applications.

Hyderabad Police had disclosed
Hyderabad Police on September 2021 registered a case against M/s Linkyun Technology Pvt Ltd and M/s Dokypay Technology Pvt Ltd and other accused for duping crores of rupees through Chinese application. Based on the same case, the ED started its investigation by registering a case of money laundering.

It is alleged that these Chinese companies were duping people through online games and dating applications. After this, those money was being transferred to bank accounts through online payment gateways. Then those money was being transferred to accounts in other countries by making fake airway bills. In the same work, Chartered Accountant Ravi Kumar also helped in sending fake air way bills of Rs 1100 crore and cloud CCTV storage rental charges to China and Hong Kong.

For this, the accused took 1500 rupees per paper for signing 621 fake certificates of Form 15CB. That is, in just Rs 9,31,500, Rs 1100 crore was sent abroad. Ravi Kumar was arrested by the ED on November 27 on this basis. After this, on December 3, he was produced in a Hyderabad court and has been taken into his custody for questioning till December 9.