Malkajgiri: Cybercrime police crack investment and job fraud cases, 3 arrested
Malkajgiri Cybercrime officials in Hyderabad cracked two major fraud cases in the past week, arresting three suspects linked to investment and part-time job scams. In one case, a Karimnagar man was arrested for allowing his bank account to be used in siphoning off Rs 16 lakh from a victim through a fake investment scheme.
Hyderabad: The Malkajgiri Cybercrime officials cracked two cyber fraud cases in the past week, leading to the arrest of three persons involved in investment and part-time job scams, officials said on Saturday.
In the first case, police arrested a man from Karimnagar for his role in an investment fraud by providing his bank account to cyber fraudsters. The suspect knowingly allowed his account to be used to siphon off Rs 16 lakh collected from a victim through a fake online investment scheme.
The second case involved a part-time job fraud operated through a Telegram group, where victims were lured with promises of easy commissions for online tasks. Police traced the flow of money to Nalgonda and arrested two suspects who allegedly acted as mule account holders, withdrawing and transferring fraud proceeds to other linked accounts.
The total fraud amount in this case amounted to several crores, police said, adding that the accounts were linked to cases registered in other States as well.
During the week, the Cybercrime police also facilitated court-ordered refunds amounting to over Rs 16.28 lakh to victims of cyber fraud. Victims of cyber fraud can call the national cybercrime helpline 1930 and report the matter to the nearest cybercrime police station.
