Online Fraud Cases: 14 suspects arrested for fraudulent scheme

The Special Investigation Department and Crime Unit have been actively pursuing online fraud cases targeting individuals' personal data and forcing them to pay back loans with extremely high interest rates.

On February 15th, a suspect was investigated, leading to the subsequent arrest of 13 suspects between February 15th to 22nd.

During these arrests, authorities confiscated 133 laptops, 10 mobile phones, and a vehicle. The investigation uncovered that Mashala Tech Co., Ltd, purportedly offering online loan services, was registered under the name of U Aung Min. However, it was revealed that the company was actually operated by a Chinese citizen identified as Mr. Yu Linfeng, also known as Willian.

The company's office was located at MMG Tower on Strand Road in Botahtaung Township. Mr. Yu Linfeng reportedly left for Cambodia on January 5th. The company operated its online loan service through four teams comprising a total of 91 staff members.

Despite Mr. Yu Linfeng not being arrested, a lawsuit has been filed against him, along with the 14 arrested suspects, in accordance with the law. Authorities are actively working to apprehend any remaining individuals involved in the fraudulent scheme.

The public is advised to report any suspected cases of online scams to the authorities and to exercise caution regarding financial transactions to prevent falling victim to fraudulent activities.