Accused cheated victims across India through fraudulent investment scheme

Investigation uncovered 5,013 similar cyber investment fraud cases across India

Police confiscated laptops, mobile phones, printers, and card swiping machines

The Bengaluru Police have successfully carried out a massive cyber fraud operation worth Rs 854 crore, resulting in the arrest of six individuals accused of deceiving countless victims across India through a fraudulent investment scheme.

The suspects, identified as Manoj, Panindra, Chakradhar, Shrinivas, Somashekar, and Vashanth, all hail from Bengaluru. Additionally, authorities are diligently working to apprehend the three alleged masterminds of this intricate fraud scheme.

To date, Rs 5 crore of the ill-gotten gains has been frozen, with victims in Bengaluru alone collectively defrauded of Rs 49 lakh.

Bengaluru Police Commissioner B Dayananda, in a press conference, commended the Central Crime Branch (CCB) for successfully breaking up this intricate cybercrime case.

The criminals enticed unsuspecting individuals with promises of substantial interest rates on their investments, then employed various social media platforms such as WhatsApp and Telegram to establish trust with their victims.

Once trust was established, the perpetrators urged their victims to deposit funds. Regrettably, they failed to return both the principal amount and the promised interest. The investigation has uncovered a staggering 5,013 similar cyber investment fraud cases registered nationwide, including 17 in Bangalore alone, dispersed across various police stations.

During the arrests, authorities seized a cache of essential equipment, including laptops, mobile phones, printers, and card swiping machines, from the accused individuals.

As law enforcement continues to pursue the masterminds behind this massive scam, the operation serves as a significant victory in the ongoing battle against cybercrime.