The Hyderabad police issued a public advisory warning citizens about a sharp rise in online trading and investment frauds. Cybercrime officials said scammers lure victims through social media and messaging platforms with promises of high returns and use fake apps to cheat them.
Cyberabad Cybercrime officials have arrested six members of an interstate syndicate accused of supplying mule bank accounts and SIM cards to operators of online trading scams. The gang allegedly facilitated fraud worth over Rs. 1 crore, with forensic analysis linking them to nearly 400 cases across India.
