The Avadi Cyber Crime Police arrested a 43-year-old man for allegedly procuring bank accounts from members of the public and selling them to cyber fraudsters linked to a Chinese scam network. The police said 67 complaints registered across India on the National Cyber Crime Reporting Portal (NCRP) have been linked to bank accounts allegedly sold by the accused.

The case came to light following a complaint from Yoganandh, 43, of Porur, who allegedly lost ₹1.73 crore after being lured into investing in cryptocurrency through a Chinese app called ‘Chin Chain’.

According to police, the accused had contacted Yoganandh through Facebook and promised returns three times the investment. Believing the claims, he transferred ₹1.73 crore in several instalments to multiple bank accounts provided by them. When neither the promised returns nor his principal amount was returned, he approached the Avadi Police Commissioner.

The Cyber Crime Wing registered a case and launched an investigation. The police found that ₹13.86 lakh of the amount transferred by Yoganandh had been credited to an IndusInd Bank account held in the name of Anbalagan of Coimbatore. The account was allegedly operated in the name of a fake company, VA Software Solutions.

The A1 Anbalagan was arrested on May 19. During interrogation, the police allegedly found that he had obtained bank accounts and sold them to cyber agents operating from Uttar Pradesh and Maharashtra. The investigation led police to A2 Madhavan, who had been on the run.

Madhavan was arrested in Maraimalai Nagar on Friday (July 31). The police said he had allegedly procured bank accounts from people in Tamil Nadu by promising them commissions, through cyber agents he had met on Facebook. The accounts were then allegedly sold through the agents to a Chinese cyber fraud gang.

The police further found that 67 complaints had been registered on the NCRP across the country in connection with bank accounts allegedly sold by Madhavan to the Chinese fraud network. Madhavan was produced before the Poonamallee Judicial Magistrate and remanded in judicial custody. He was subsequently lodged in Puzhal Central Prison.

Published - August 01, 2026 07:01 pm IST