The Directorate of Enforcement announced on Wednesday that it has provisionally attached movable assets worth Rs 106 crore in connection with the Chinese loan app case. Since 2019, the Karnataka police have registered multiple FIRs against Chinese loan apps, alleging that the entities have extorted and harassed individuals who have borrowed small loans through these apps. The ED release states that these entities were set up by appointing dummy directors on behalf of Chinese nationals and that they are involved in illegal and criminal activities, including submitting fake addresses in KYC documents and laundering money through merchant IDs and bank accounts. The release also states that these entities are controlled by Chinese nationals and have engaged in massive money laundering activities.