Cracking Down: ED Targets Chinese National in India

The Enforcement Directorate has attached assets worth Rs 4 crore linked to a Chinese national, Xue Fei, staying illegally in India. The investigation reveals their involvement in criminal activities, including operation of illicit clubs for Chinese nationals, and running a loan scam through shell companies.

The Enforcement Directorate (ED) has intensified its probe against a Chinese national, Xue Fei, involved in a series of illegal operations in India, resulting in the attachment of assets worth Rs 4 crore. Fei's activities allegedly stretched from gambling to human trafficking, targeting Chinese nationals residing illegally in India.

The investigation, stemming from a case first brought by the Special Task Force of the Uttar Pradesh Police, uncovered a web of crime involving illicit hotels and clubs. These establishments, operated by Fei and his associate Ravi Natvarlal Thakkar, were reportedly centers for various illegalities including prostitution and gambling.

The ED's efforts further unearthed a financial fraud operation, where shell companies facilitated high-interest loan scams. These scams utilized digital loan apps to extract money through blackmail and excessive interest, with proceeds funnelled through a network of dummy businesses.

(With inputs from agencies.)