ED raids Chinese app firms in Bengaluru, seizes Rs 5.85 cr

The Enforcement Directorate (ED) on Monday said that they recently conducted search operations on 12 entities in Bengaluru having Chinese links and seized around Rs 5.85 crore.

These firms were cheating innocent youths on the pretext of providing them part-time jobs through the Chinese app ‘Keepshare’ and collecting money from them. The money thus collected was used to buy crypto currencies.

The ED initiated money laundering investigation on the basis of an FIR registered at the South CEN Police Station, Bengaluru City in a matter related to the part-time job fraud.