Three Bengaluru cybercriminals held in Jagtial for Rs 74 lakh fraud

Jagtial police arrested three Bengaluru men for duping businessmen of ₹74 lakh in stock market and investment scams. The accused, linked to a Kolkata gang, face over 90 cybercrime cases. Police are probing further to identify their wider network.

Jagtial: Jagtial police arrested three cybercriminals on charges of cheating people in the name of business, investment and trading.

The arrested were Nagendra Prasad, Yogendra Kadam and Sunil who hail from belong to Bengaluru. They used to do transactions through a gang from Kolkata.

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A businessman from Korutla lost Rs 53 lakh while another one from Jagtial lost Rs 21 lakh. Based on the complaint by victims, a special team was constituted under the supervision of Cybercrime DSP Venkataramana.

As part of the investigation, police identified the bank accounts of cybercriminals who were cheating the people in the name of stock market business and investment and trading.

Police also found that the accused were doing transactions through a gang from Kolkata. After identifying that they belonged to Bengaluru, a special team police went to Karnataka and arrested them.

In order to earn money in an easy way, Nagendra Prasad started cheating the people in the name of busine investment and trading. Based on the advice of one Anwar from Calcutta, he started cheating.

He diverted the amount earned through cheating to other bank accounts. There are 71 cases against him in the NCRP portal.

Yogesh and Sunil, who used to open bank accounts on their names as well as others names, had earned money by selling them to cybercriminals. 22 cases were registered against them in NCRO portal.