Bhubaneswar, Odisha Police's Crime Branch on Wednesday arrested 15 cyber criminals for their alleged involvement in a series of cyber crime cases related to crypto, stock and IPO investment frauds, a senior police officer said.
A gang was duping people under the guise of investment schemes by promising high returns.
He said that the gang members used to induce people to invest by transferring funds to the accounts of cyber fraudsters.
“We have arrested 15 people of the gang, which is involved in fraud in different states of India. While the two masterminds are from New Delhi, the other 13 accused are from Odisha,” said Arun Bothra, additional DGP of the crime branch in Bhubaneswar.
These arrests were made on the basis of a complaint lodged by a victim from Bhubaneswar with the Cyber Crime Unit.
On March 29, the victim received a message on Facebook inviting him to join a WhatsApp group focused on institutional trading with discounts on shares and promising high investment returns, a police officer said.
The victim initially invested Rs 5 lakh from his wife's account. Over time, he transferred a total of Rs 3.04 crore from his five accounts to various accounts specified by the cyber criminals till June 11.
Police said that despite their efforts, the victim was unable to withdraw any money. From verification in the National Cyber Crime Reporting Portal (NCRP) of the Home Ministry, the Odisha Crime Branch found that these accused have been involved in a series of crimes. Cyber fraud cases in the country.
Police have recovered 20 mobile phones, 42 SIM cards, 20 debit cards, three check books, three PAN cards and five Aadhar cards from the accused.
A gang was duping people under the guise of investment schemes by promising high returns.
He said that the gang members used to induce people to invest by transferring funds to the accounts of cyber fraudsters.
“We have arrested 15 people of the gang, which is involved in fraud in different states of India. While the two masterminds are from New Delhi, the other 13 accused are from Odisha,” said Arun Bothra, additional DGP of the crime branch in Bhubaneswar.
These arrests were made on the basis of a complaint lodged by a victim from Bhubaneswar with the Cyber Crime Unit.
On March 29, the victim received a message on Facebook inviting him to join a WhatsApp group focused on institutional trading with discounts on shares and promising high investment returns, a police officer said.
The victim initially invested Rs 5 lakh from his wife's account. Over time, he transferred a total of Rs 3.04 crore from his five accounts to various accounts specified by the cyber criminals till June 11.
Police said that despite their efforts, the victim was unable to withdraw any money. From verification in the National Cyber Crime Reporting Portal (NCRP) of the Home Ministry, the Odisha Crime Branch found that these accused have been involved in a series of crimes. Cyber fraud cases in the country.
Police have recovered 20 mobile phones, 42 SIM cards, 20 debit cards, three check books, three PAN cards and five Aadhar cards from the accused.
