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News Topical, Digital Desk : The Mira Road, Bhayander Crime Branch police force, adjacent to Mumbai, has arrested a major international cyber fraud gang. This gang used social media, matrimonial sites, and dating apps to deceive people with lucrative investment offers.
Police have arrested seven individuals in this case, including the mastermind, who is based in Dubai. All of them are highly educated and had spread their fraudulent network across the country.
People were duped of Rs 200 crore
Some of the members of this cyber fraud gang, arrested by the Mira-Bhayander Crime Branch, are no ordinary individuals. They and their gang defrauded over 500 people across the country of over 200 crore rupees.
used to cheat in a cunning manner
These cyber criminals' methods of defrauding people were also clever. They had created several fake investment websites to defraud people. On these websites, they offered numerous free and attractive offers for gold trading and forex trading investments.
Fake website was promoted a lot
Claims of significant profits were made in the stock market, gold trading, and forex trading. Fake websites were heavily promoted to lure as many people as possible into their trap. They were promoted on platforms ranging from Instagram to Facebook.
This is how they used to hunt people
Additionally, fake profiles were created on matrimonial and dating sites to lure people into investments. Once invested, the money was never returned. The looted money was then converted into crypto and sent abroad.
Locations were constantly changing
This racket of scamming people had been going on for quite some time. To avoid being caught by the police, they constantly changed their locations. They carried out their fraud in every state, but on November 12th, their luck ran out.
They were cheating from the hotel room
They were carrying out the fraud from a hotel room on Mira Road Highway. Acting on a tip, police raided the hotel and caught them red-handed. Five people were arrested at the scene. They recovered several laptops, key phones, SIM cards, and numerous documents.
Shocking revelations made during interrogation
As the investigation and interrogation of these five individuals progressed, many surprising revelations emerged. All of them are educated and well-versed in social media. So far, the police have solved 51 cases related to their fraud across 11 states, with the value of the fraud estimated at approximately ₹58 crore (approximately $580 million).
The police is investigating further and suspects that they might have cheated 450 to 500 more people and the amount of fraud is more than Rs 200 crore.
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