Hyderabad Police uncovers a fraud involving 15,000 people who were duped of over ₹700 crore in less than a year. The scamsters used technology to dupe victims by sending messages to invest small amounts, eventually leading to losses of millions
The investment-cum-part-time job fraud was run by Chinese handlers with alleged links to the Lebanon-based Hezbollah terror group. The cybercrime wing of Hyderabad police busted the racked on Sunday and arrested nine persons from across the country., Crime News, Times Now
According to Hyderabad Police Commissioner CV Anand, it was found during the investigation that a portion of the amount also got transferred to a crypto wallet used by a terror outfit. The police chief said since there was a need for a thorough probe with coordination at the national level, the case would be brought to the notice of the Union government.