Hyderabad: Taiwanese national Chu Chun-yu, the kingpin of the Rs 903 crore investment fraud, who was apprehended by the Hyderabad police recently, used to operate out of a five-star hotel in Mumbai's affluent Powai neighbourhood.
Despite renting an apartment, he never met with his agents there. Instead, he held meetings with them in the hotel in Mumbai. He would obtain the SIM cards and bank account information of account users via courier, Hyderabad police said.
Chun-yu was entrusted with gathering the SIM cards for the mobile numbers connected to the bank accounts as well as the bank account numbers and couriering them to Cambodia. His Chinese-based handler Huan Zhuan would instruct him to wait in the hotel for a day or two whenever he needed to receive the material.
Chun-yu would let the hotel employees know he was expecting a courier while checking in. He would then move to his apartment after he had received the package.
Later, he would package the SIM cards and the slips with bank account information before sending them to Cambodia via courier. The SIM cards were hidden in the mobile phone earphones case, and the bank information was put on little slips to avoid being seen or tracked during transport.
Investigators discovered that he was shipping them under the guise of sending ear buds to Cambodia, investigators revealed. The SIM cards and bank account details were utilised by his handlers for online banking activities because the accounts were used by the fraudsters to receive money from victims around the nation, according to the investigators.
