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Police nabs key handler in Rs 30 lakh cyber fraud case
In Short
The case was registered in November last year on the complaint of Gaurav Rustogi, who was allegedly induced to invest progressively larger amounts through groups, channels and fraudulent online investment and trading platforms
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Police nabs key handler in Rs 30 lakh cyber fraud case
New Delhi: The Delhi Police has busted an alleged interstate cyber fraud syndicate involved in cheating a man of Rs 30 lakh through fake online investment and trading schemes, arresting a key handler, an official said on Friday.
The interrogation of the accused, Udit Tyagi (26), a resident of Meerut, has exposed a multi-layered network involving foreign operators, online messaging application-based handlers, mule bank account providers and cryptocurrency dealers.
He was apprehended by the Bureau of Immigration at Jaipur International Airport following a lookout circular and subsequently arrested by the Delhi Police, police said.
The case was registered in November last year on the complaint of Gaurav Rustogi, who was allegedly induced to invest progressively larger amounts through groups, channels and fraudulent online investment and trading platforms, they said.
The victim was initially persuaded to make small investments, with the fraudulent platforms displaying fictitious profits and, in some instances, allowing small withdrawals to build confidence. He was subsequently induced to deposit larger amounts, police said.
When the victim sought to withdraw his money, the fraudsters allegedly demanded additional payments in the name of VIP membership, account upgradation, repair tasks, reputation enhancement, withdrawal charges, tax clearance and system maintenance.
The demands continued, resulting in a total loss of around Rs 30.06 lakh, police said. Investigation revealed that the fraud was not being operated by an isolated local group but through a multi-layered network, with foreign or Chinese operators allegedly responsible for developing fraudulent applications, websites and investment interfaces, officials said.
Online messaging application operators allegedly posed as financial advisers, investment experts, customer-care representatives and task managers, while WhatsApp was used to initially approach victims with offers of part-time jobs, easy earnings, investment opportunities and trading schemes.
A group named “HO30”, allegedly created and operated by accused Hakam Ali, was identified as one of the groups used to induce victims into the fraudulent investment scheme, police said.
