ED, Allahabad has provisionally attached properties worth Rs. 13.58 Crore in the form of Bank Balance, Fixed Deposits, Insurance Policies and immovable properties beneficially owned by Ravi Natvarlal Thakkar and others under the provisions of PMLA, 2002 in the case of Xue Fei, Chinese National staying illegally in India and others

The Directorate of Enforcement (ED), Allahabad Sub-Zonal Office, has provisionally attached properties worth Rs. 13.58 Crore under the Prevention of Money Laundering Act (PMLA), 2002. This action targets Xue Fei, a Chinese national staying illegally in India, and others. \r

The attached properties include bank balances, fixed deposits, immovable properties, and insurance policies owned by Ravi Natvarlal Thakkar and associates. The investigation, initiated on the basis of FIR and Charge Sheets by the Uttar Pradesh Police's Special Task Force, revealed their involvement in running suspicious hotels and clubs in NCR areas for illegal Chinese nationals. \r

They operated fraudulent instant loan apps nationwide, exploiting borrowers' personal data for extortion.