Bengaluru: Cops arrest 10 accused who had duped man of Rs 88L through cyber fraud

A man from Bengaluru’s Mahalakshmi Layout was duped by cyber fraudsters who stole Rs 88 lakh of his savings. The fraudsters initially contacted him through a marketing link on Facebook and later befriended him via a WhatsApp group. They convinced him to install an app called Brandy Speed, promising that investing in an IPO subscription would help him double his money.

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Believing the offer, the victim followed their instructions and invested his hard-earned money. However, after waiting for a month, he saw no returns and realized he had been scammed. Distressed, he filed a complaint with the CEN police station.

Following his complaint, the police arrested 10 individuals involved in the scam. The accused confessed to operating offices in Tyagarajanagar and Sadashivanagar. The police raided these offices and seized a range of items, including 51 cell phones, 2 laptops, 2 CPUs, 108 passbooks, 27 ATM cards, 480 SIM cards, and several cheque books. The authorities are continuing their investigation into the cyber fraud syndicate, which appears to have been operating across the city. The case highlights the growing threat of online scams targeting unsuspecting individuals.