Crackdown on investment scams: India set to take action against 100+ Chinese websites
In a decisive move against Chinese-websites operated financial fraud, India has initiated the banning process for more than 100 investment scam websites. These websites, resembling Indian entities on the surface, targeted vulnerable Indian citizens with schemes that are quite similar to predatory loan apps, which also originated from China. While the facade of these investment scam sites appeared Indian, the funds ultimately found their way to Chinese operators. The Ministry of Home Affairs has instructed the Ministry of…