In a major breakthrough, Chinna Bazar police in Nellore district arrested seven cybercriminals who duped a local woman of ₹2.46 crore through a fake investment and trading scam.
According to Nellore Superintendent of Police G Krishnakanth, these cybercriminals were in fact, involved in cyber fraud cases across India. He further stated, “They lured unsuspecting people into their trap by promising lucrative returns through imaginary investments and trading.”
Police discovered that the group opened 236 bank accounts with fake identities. Out of these, 36 accounts received 436 cyber fraud complaints, according to the National Crime Records Bureau (NCRB).
The gang includes five men from Rajasthan — Gogaram, Hemanth Kumar, Kailash, Nagaram, and Ramaram — and two local aides from Andhra Pradesh, Ramisetty Veereswara Rao and M Ravi. The two locals helped the group execute and manage their operations.
During the arrests, police seized ₹2 lakh in cash, 29 smartphones, 21 keypad phones, 57 ATM cards, a Wi-Fi router, a printer, a laptop, SIM cards, and several fake identity documents.
SP Krishnakanth confirmed that, as part of the investigation, the police froze ₹39 lakh across the gang’s bank accounts. Meanwhile, officers continue to investigate the network and, therefore, urge the public to stay alert and avoid online schemes that offer unrealistic returns.
Also Read: 86% of Indian Firms Paid Ransom After Cyberattacks, Finds Survey
