Los Angeles: Micro-blogging site Twitter will hand control of the presidential @POTUS account to President-elect Joe Biden the moment he is sworn in on inauguration day on January 20, even if President Donald Trump has not conceded his election loss, the company has said.

The @POTUS account is the official account of the President of the United States and is separate from the @realDonaldTrump account that Trump uses to tweet.

Biden, 78, will be the 46th US President when he is sworn in.

The handover requires no sharing of information between the outgoing Trump team and the incoming Biden team, Twitter said, adding that all existing tweets on those accounts will be archived and Twitter will transfer the accounts reset to zero tweets to the Biden White House that day.

"Twitter is actively preparing to support the transition of White House institutional Twitter accounts on January 20th, 2021," Twitter spokesperson Nick Pacilio told Politico in an email.

"As we did for the presidential transition in 2017, this process is being done in close consultation with the National Archives and Records Administration," Pacilio said.

The same goes for @whitehouse, @VP, @FLOTUS, and a handful of other official accounts associated with the presidency, the report said on Friday.

Twitter also confirmed that staffers will meet with representatives from the Biden-Harris transition team in the coming months to review how the new administration plans to use its government-related accounts, The Hill reported.

The @POTUS account has more than 32 million followers and will provide Biden with another way to communicate with the public while in office.

Trump, the 45th US President, has so far refused to concede the November 3 presidential race to Biden, even though results released by election officials clearly give the race to the former US vice president. He has filed multiple lawsuits challenging the poll results in several states.

Biden was declared the winner of the US presidential election on November 7 after flipping the battleground states of Pennsylvania, Michigan, and Wisconsin to the Democrats' column.

Biden now has 306 electoral votes to Trump's 232 votes. To win the race to the White House, the successful candidate should have at least 270 electoral votes out of the 538-member Electoral College.

An archive of Obama's @POTUS account can be found under the handle @POTUS44.

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Bengaluru, Jun 12: Karnataka police on Saturday said they have busted a Rs 290 crore plus scam that involved duping people through a mobile app after promising attractive interest on investment and two Chinese nationals were among the nine arrested.

The scam, aided by shell companies, is linked to money laundering and the suspected kingpin is a Kerala based business man with proximity to Chinese 'hawala' operators, they said.

Cyber Crime Division of CID said it has arrested accused persons, including two Chinese nationals, two Tibetans and five others acting as directors of the companies involved, and a search is on for the rest.

A complaint from Razor pay Software Private Limited said accused persons availed 'payment solutions' from them, claiming that they are in gaming, social and e-commerce businesses.

They, however, defrauded the company by using computer resources and by deviating from their original, registered line of business, the plaint said.

They started routing their transactions to collect payments from a different business named "Powerbank", an app listed in Google Playstore, cyber police said in a release.

Through customer complaints, the complainant company got to know that public invested money in the "Powerbank" app to earn interest on the invested amount.

The accused persons, after accepting the investments, neither gave the agreed interest nor the principal amount and cheated customers.

A case was registered under the Information Technology Act and 420 IPC (Cheating), the CCD said and added that the investigating team were successful in arresting nine men.

During investigation, it was found that Anas Ahmed, a Kerala based businessman, is the main person involved.

"We have also identified that he has very proximate connections with the Chinese hawala operators, which has come to light during the course of the investigation.

He had opened shell companies in the name of Bull Finch Technologies, H & S ventures and Clifford ventures to route the fraud money. Anas Ahamed is married to Chinese national and incidentally he did his studies in China," police said in the release.

Online applications hosted by him were later camouflaged and converted into different apps including Power Bank application, seeking investment from the public and promising good returns, the CCD said.

An unusual spike was seen in investments on the day Anees Ahmed announced much higher returns.

Subsequently, such apps were removed from Google Playstore and other websites and he absconded with the money.

Investigation showed Rs 290 crore inflow into his bank accounts and the CCD was successful in freezing a significant portion of it. There was a huge spike in opening of shell companies since November 2020.

"We have also observed that the Chinese handlers are in possession of a huge number of shell companies and bank accounts. Lured by the offer of the Chinese nationals, many innocent Indians and Tibetans have fallen in their trap to open shell companies and open bank accounts for them."