Rs. 712 Cr Fraud In The Name Of Investment, 9 People Held

Hyderabad, July 22 (Maxim News):  Cyber Crime Police has arrested 9 cyber criminals who are committing fraud in the name of investments.  

A large number of cell phones, laptops, and debit cards were seized from them.  The police suspect that these accused from Mumbai, Lucknow, Gujarat, and Hyderabad have links with criminals from Dubai and China.  The police said that this gang has so far looted Rs. 712 crore across the country.

#Live @ 12 PM.
The arrest of 9 accused persons from Mumbai, Lucknow, Gujarat and Hyd having linkages with Dubai and Chinese fraudsters in an #InvestmentFraud of 712 crores, busted by Cyber Crimes Unit, Hyd and seized Mobile Phones, Laptops, Debit cards…https://t.co/63h0tBIoco

— Hyderabad City Police (@hydcitypolice) July 22, 2023

Commission of Police, Hyderabad city, C.V Anand disclosed the details of this.  It is explained that all this money goes from Dubai to China through cryptocurrency.  Investigation revealed that the money went to a crypto website used by terrorists.  He said that there is a need to coordinate and investigate these types of fraud at the national level.  He said that even though people are being made aware of cyber fraud, some innocent people are still being cheated. He said that software employees are also affected by cyber fraud. (Maxim News) 

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