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Wednesday, May 29, 2024

Hyd: Cyber Crimes busts investment fraud of Rs 712 crore

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 The city’s Cyber Crimes Unit has busted an investment Fraud of Rs 712 crore by arresting nine accused.

The accused were arrested in Mumbai, Lucknow, Gujarat, and Hyderabad for having links with Dubai and Chinese fraudsters in an investment fraud, police said here on Saturday.

The police arrested the accused for allegedly duping people with the promise of providing high returns on their investments.

The police seized Mobile Phones, Laptops, and debit cards from the accused.

Further details are awaited.

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