online trading scam

Gonda cyber cell is intensifying its probe into an interstate cyber fraud racket, tracing more complainants and coordinating with police units across multiple states. The investigation follows the arrest of nine individuals involved in operating mule bank accounts used for online scams worth crores, with authorities freezing over Rs 14.87 crore in suspicious transactions.

Bengaluru faces a surge in economic crimes. Over three years, one offense occurred every 2.5 hours. Forgery, cheating, and fraud dominate these cases. This indicates a shift from physical theft to financial deception. Police face challenges due to cross-state networks and digital methods. The city's crime profile is changing.

A Pune-based software engineer was defrauded of Rs 62 lakh by cybercriminals who lured him into online share trading with promises of high returns. After being added to a messaging group, the victim invested in shares through an app provided by the group admin.