The Hyderabad Cyber Crime Police recently caught nine cyber criminals who were involved in investment scams. They seized cellphones, laptops, and debit cards from the suspects. The police think that these individuals may have connections with criminals in Dubai and China. It’s believed that the gang has already stolen around Rs. 712 crores.
CV Anand, the Hyderabad City Commissioner of Police, gave more information about the case. He said that the money obtained through these scams is sent from Dubai to China using cryptocurrency. Some of this money was even used by terrorists on a crypto website. The Commissioner stressed the importance of national-level cooperation in fighting these crimes and said that the central government will be informed.
Despite efforts to educate people about cyber fraud, innocent individuals, including IT employees, are still falling victim to these schemes. One IT employee reported losing 82 lakhs due to a cyber fraud.
