Noida, March 8: In a significant breakthrough in the fight against cybercrime, Noida police have arrested two notorious cybercriminals who deceived individuals by promising high returns on stock market investments. The arrests were made as part of an ongoing campaign to curb cyber offenses.
The accused have been identified as Rais (42) from Rampur, Uttar Pradesh, and Jitendra Kumar (35) from Udham Singh Nagar, Uttarakhand. Police discovered that approximately ₹7.14 lakh was found in the suspects’ bank accounts, believed to be the proceeds of their fraudulent activities.
On Friday, the Cyber Crime police conducted an operation based on manual intelligence and evidence collection, leading to the apprehension of the two suspects. Authorities also seized two mobile phones from their possession.
Investigations revealed that this gang lured individuals into investing in fake stock market schemes, promising substantial profits. The criminals would contact victims and persuade them to invest in these fraudulent plans. Once the victims transferred their money, the suspects would cut off all communication.
During interrogation, it was disclosed that Rais received the funds from cyber fraud in his bank account, while Jitendra Kumar facilitated the opening of bank accounts for others to receive the ill-gotten gains. Together, they operated a vast fraud network.
According to police, there are a total of 17 complaints against the suspects’ bank accounts from various states across the country, amounting to approximately ₹1.32 crore in fraud cases. Victims from states including Uttar Pradesh, Andhra Pradesh, Assam, Maharashtra, Gujarat, Karnataka, Madhya Pradesh, Rajasthan, Tamil Nadu, and West Bengal have been identified.
Authorities are actively searching for other members of this gang and are taking necessary legal action. Investigative agencies are also working to uncover additional individuals involved in this network.
The Cyber Crime police have urged the public to be cautious of unknown calls, messages, or social media groups promising high returns in the stock market. They advise against investing through unfamiliar links, apps, or Telegram and WhatsApp groups. Additionally, individuals should refrain from transferring money to unknown bank accounts or sharing their banking information. If anyone falls victim to cyber fraud, they should immediately call the helpline number 1930.
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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