Tuesday, July 23, 2024
More
    HomeTelanganaHyderabad Police Commissioner Provides Update on Rs. 712 Crore Investment Scam, Reveals...

    Hyderabad Police Commissioner Provides Update on Rs. 712 Crore Investment Scam, Reveals Use of Cryptocurrency for Money Transfers

    Related stories

    Initiatives to Liberate Chenchu Children from Child Labor

    Strict Measures Against Child Labor in Chenchu Communities Strict action...

    KTR Urges Telangana Government to Clarify Position on New National Criminal Laws

    Hyderabad: BRS Working President, KT Rama Rao (KTR), has...

    Children Seek Police Help as Stray Dogs Become Deadly in Hyderabad

    Children Protest Against Stray Dog Menace in Quthbullapur In Hyderabad,...

    NDSA Requests Report on Pedavagu Project Collapse

    The Pedavagu project collapse is blamed on Andhra Pradesh and Telangana governments. NDSA issued memos to four officials.

    The Hyderabad Cyber Crime Police has caught nine cyber criminals involved in investment scams. They seized many cellphones, laptops, and debit cards from the suspects. The police think that these individuals, from Lucknow, Gujarat, and Hyderabad, may have connections with criminals in Dubai and China. The gang has already stolen around Rs. 712 crores.

    CV Anand, the Hyderabad City Commissioner of Police, shared more information about the case. He said that the money gained from these scams is transferred from Dubai to China using cryptocurrency. Some of this money was found to be going towards a crypto website used by terrorists. The Commissioner stressed the need for national-level coordination to fight against such scams and said that the central government would be informed about the matter.

    - Advertisement -
    Also read:  Initiatives to Liberate Chenchu Children from Child Labor

    The Commissioner also mentioned that despite efforts to raise awareness about cyber frauds, some innocent people, including software employees, still fall victim to these schemes. He gave an example of an IT employee who lost 82 lakhs due to a cyber fraud.

    - Advertisement -
    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
    Latest News from Hyderabad, Telangana, India & World!

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here