Three Arrested in Cyber Fraud Cases Across India
3 held from Gujarat, Raj, MP in separate cyber fraud cases
Hindustan Times
Image: Hindustan Times
Three individuals from Gujarat, Rajasthan, and Madhya Pradesh have been arrested for their involvement in separate cyber fraud cases that collectively defrauded victims of over ₹1.2 crore (approximately $145,000 USD). The scams involved fake IPO investments and forex trading schemes, with significant amounts traced to mule bank accounts.
- 01Three arrests made in cyber fraud cases across Gujarat, Rajasthan, and Madhya Pradesh.
- 02Victims lost over ₹1.2 crore (approximately $145,000 USD) through various scams.
- 03Fraudsters used fake documents and impersonated officials to instill fear in victims.
- 04Mule bank accounts were provided for routing the fraudulent transactions.
- 05Investigation led to tracing of significant amounts to specific bank accounts linked to the accused.
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The Delhi Police crime branch has arrested three individuals from Gujarat, Rajasthan, and Madhya Pradesh in connection with separate cyber fraud cases that resulted in losses exceeding ₹1.2 crore (approximately $145,000 USD). In one case, a victim from east Delhi's Laxmi Nagar was cheated out of ₹46.66 lakh (about $56,000 USD) through a fraudulent stock market scheme. The police traced ₹6.71 lakh (around $8,000 USD) to a bank account belonging to a firm in Surat, Gujarat, where the authorized signatory was arrested for facilitating the fraud. In another case, a complainant was subjected to a
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These arrests highlight the growing issue of cyber fraud in India, affecting individuals and financial institutions. Victims may face financial loss and emotional distress due to such scams.
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