23-Year-Old Youth Arrested from Noida in ₹28 Cr Cyber Fraud
Youth Arrested from Noida in ₹28 Cr Cyber Fraud
Jaipur, Rajasthan: A man from Noida was detained by Dholpur police on Tuesday for his involvement in a cyber fraud scheme that defrauded victims of about ₹28 crore by pretending to be stock market investors.
Sagar Chaudhary, a 23-year-old from Aligarh, Uttar Pradesh, was named as the culprit.
Chaudhary was a member of a group, according to the police, that ran phony investment websites with exaggerated profits to draw visitors. In Telegram and WhatsApp groups run by the gang members, screenshots were shared with promises of double or triple profits.
The group stopped all communication after people submitted their money by either deactivating the accounts or shutting down the websites.
Munesh Kumar Meena, the circle officer for Dholpur City, stated that the case was discovered when a person who lost ₹22 lakh filed a complaint at the cyber police station on September 12 of last year.
The accused had ties to similar complaints filed in different jurisdictions, according to investigations, and the total scam amount was close to ₹28 crore.
Police found eight cell phones, thirty-three ATM cards, six checkbooks, seventeen bank passbooks, a transaction log, and a cash counting machine in Chaudhary’s hands during the operation in Noida.
The search for additional gang members is still underway.
About the Author:
Yogesh Naager is a content marketer who specializes in the cybersecurity and B2B space. Besides writing for the News4Hackers blogs, he also writes for brands including Craw Security, Bytecode Security, and NASSCOM.
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