Stories
Two Arrested in Hyderabad for Digital Arrest Fraud Involving Rs 29 Lakh
- •Hyderabad cybercrime police arrested two individuals for their involvement in a digital arrest fraud case targeting an elderly retired employee.
- •The victims were duped of Rs 29.17 lakh after fraudsters impersonating CBI, ED, and Delhi Police officials threatened them with a fake money laundering case.
- •The accused provided mule bank accounts, withdrew fraudulent funds, and laundered money using Cash Deposit Machines and cryptocurrency.
- •The primary mastermind from Bengaluru is currently absconding, and police have linked the suspects to about 16 similar fraud cases across India.
Key Questions Answered
The Hyderabad cybercrime police arrested two local residents for arranging mule bank accounts, withdrawing fraudulently obtained funds, and depositing money through Cash Deposit Machines to conceal the money trail in a Rs 29.17 lakh digital arrest scam.
Fraudsters impersonating officials from the Delhi Police, CBI, and ED claimed the 63-year-old victim was linked to a Rs 6.8 crore money laundering case. They sent forged documents and fake Aadhaar misuse claims, threatening him with arrest and forcing him and his daughter to transfer Rs 29,17,668 under the guise of verification.
The primary conspirator utilized deposited funds from multiple bank accounts to purchase cryptocurrency and subsequently sold it online in exchange for Indian rupees to launder the proceeds.