Police crack Rs 14 crore online investment scam
Hyderabad: Police have cracked the Rs 14 crore cyber fraud case involving a Hyderabad-based doctor by arresting four persons who allegedly facilitated money transfers to cyber criminals operating from Cambodia.
Officials said the arrested accused provided mule bank accounts to route the defrauded money. The funds were later transferred abroad through various channels.
Rs 14 crore cyber fraud uncovered after intensive probe
The investigation revealed that the doctor was lured through social media by cyber criminals using fake profiles. Police said the fraudsters targeted victims by gaining their trust and promising lucrative stock market returns.
Police added that organised cyber crime networks are forcing young Indians to commit cyber crimes after taking them abroad on the pretext of employment.
The arrested accused are being questioned further as part of the ongoing investigation.
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