700 Crore Cyber Fraud Busted In Hyderabad, 15000 Indians Cheated, Money Sent To China
700 crore cyber fraud busted in Hyderabad, 15000 Indians cheated, money sent to China, and terrorist group.
Hyderabad Police has busted a major fraud racket involving Chinese operatives in which at least 15,000 Indians were duped of over Rs 700 crore in less than a year.
Police said the money was sent to China via Dubai and some of it was also sent to an account operated by Lebanon-based terrorist group Hezbollah.
According to a police release, the cybercrime police had registered the case on the basis of a complaint from a person resident of Hyderabad.
The complainant stated that he was offered a part-time job through a messaging app for ‘ratings and reviews (certain tasks).
Believing it to be genuine, he registered on their website and became a victim of fraud.
According to the release, one of the persons arrested in this case was associated with some Chinese nationals.
He coordinates with Indian bank accounts by sharing their information and shares OTP to operate these accounts from Dubai-China through remote access apps.
700 crore cyber fraud busted in Hyderabad: Hyderabad Police Commissioner CV Anand told news channel, ‘We are alerting central agencies in this regard and the cybercrime unit of the Union Home Ministry has been given details.
It is quite shocking and surprising that even highly paid software professionals have suffered a loss of Rs 82 lakh.
