The state monitoring cell of the city police arrested seven persons including a minor after raiding a fake share market call centre in posh Vesu area. The accused would pose as SEBI authorized advisors and give buying and selling tips to people. The SMC also seized 37 mobile phones and four laptops along with a DVR and filed a charging complaint with the Vesu police.
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Unless tackled on a war footing, with awareness-building, a crackdown on crime hubs across India, and statutory and regulatory changes, the alarming rise in cybercrime could derail the phenomenal achievements of the fin-tech world in facilitating super-fast financial services.
Officers said their job is not just restricted to catching the accused behind the 200 complaints as they also have to analyse the additional 9.6 lakh complaints and calls received on the Ministry of Home Affairs' NCRP portal.
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