Status: Not Approved
Hyderabad: The Khammam police recently busted an alleged cyber fraud racket, arresting 14 persons for cheating citizens through fake online investment, trading and betting schemes. 8 more accused are absconding, police said.
During questioning in the presence of mediators, Charan reportedly revealed that since 2020 the main accused ran online gaming and betting operations and had links with foreign cyber criminals, according to the Sathupalli police. Police said the accused also opened multiple current bank accounts through agents by offering monthly payments of ₹50,000 and commissions of ₹10,000–₹20,000 per account. They allegedly operated call centres that contacted Indian citizens, luring them with promises of high returns in stock trading, crypto trading, gaming, betting, OTP fraud and matrimony schemes. Victims who responded were added to the social media groups and sent fraudulent links and QR codes, through which money was siphoned from their bank accounts. You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad