Bhubaneswar: The Economic Offences Wing (EOW) has frozen more than Rs 2.52 crore of recovery agent companies in connection with illegal digital loan app cases.
According to an official press release, the frozen accounts belong to BTWO Consulting Pvt Ltd, Jiyaling InfoTech Pvt Ltd, and Omellete Technology Pvt Ltd.
The bulk of the amount belongs to Jamshedpur-based BTWO Consulting Pvt Ltd.
Pune-based Jiyaling Technology Pvt Ltd and Bangalore-based Omlette Technology Pvt Ltd are shell companies used by Chinese mastermind Liu Yi to run illegal digital loan apps.
Earlier, in this case, raids were conducted by EOW Odisha in New Delhi, Mumbai, Bangalore, Hyderabad, Rajasthan etc. and five accused were arrested and Rs 6.57 crores were frozen.
Also, at the request of EOW, the Bureau of Immigration (BOI) issued Look out Circular against Liu Yi, a Chinese national.
Further investigation is going on, the release added.
