Cyberabad Cybercrime officials solved three fraud cases reported between November 6 and 11, arresting four suspects involved in online trading and smishing scams. A private employee lost Rs 21.9 lakh after being lured through a fake Forex app promoted on Telegram
Hyderabad: The Cyberabad Cybercrime officials solved three cyber fraud cases reported between November 6 and 11 and arrested four fraudsters who were operating across multiple States. Of the arrests, three were linked to online trading fraud and one to a smishing scam.
In the biggest case of the week, a private employee lost Rs 21.9 lakh in a fraudulent online trading racket. The victim was lured through Telegram by a woman who convinced him to invest in Forex trading via a fake app.
“After showing fabricated profits and allowing small withdrawals to gain trust, the fraudsters demanded additional payments under the guise of taxes, security deposits and fees,” Cybercrime officials said, adding that when the victim questioned them, they deleted his account and chat history.
During the investigation, police traced a Rs 90,000 transaction to a beneficiary account and arrested two suspects for providing bank accounts used in the scam.
Cyberabad Police urged citizens to avoid unverified investment groups on Telegram and WhatsApp. Suspicious incidents can be reported to 1930 or www.cybercrime.gov.in.
