TIRUPATI: Anantapur district police wing busted a major crypto currency racket with Dubai links and arrested five cyber criminals on Friday.
Speaking to reporters at the district police office at Anantapur on Friday, SP KKN Anburajan said a specialized gang was involved in a series of cyber frauds through which they were duping the gullible public and routing the funds garnered through their scams in the form of crypto currency to Dubai, from where the scam funds were subsequently withdrawn.
“After a cyber crime case was registered at the Garladinne police station recently, special unite undertook a detailed investigation into the case which unraveled the modus operandi of the cyber scamsters,” the Anantapur SP told reporters.
“It was found that the gang was involved in various cyber frauds including online gaming, job frauds, OTP frauds etc. In connection with the Garladinne case alone, we detected 16 fictitious bank accounts through which Rs 35.59 crore worth fraudulent transactions were executed by the gang,” Anburajan added.
The district police wing arrested five persons identified as Mohammed Samad, Venkatachalam, S Sandeep, Ajay Reddy and Sandhya Rani, belonging to different parts of Andhra Pradesh and Telangana.
The intermediaries arrested by the police earned Rs 20 lakh as commission so far by resorting to various cyber frauds.
The mastermind behind the racket is yet to be arrested by the police.
Anantapur SP appreciated the cyber crime unit which unearthed the racket, leading to the arrests of five cyber criminals.
Speaking to reporters at the district police office at Anantapur on Friday, SP KKN Anburajan said a specialized gang was involved in a series of cyber frauds through which they were duping the gullible public and routing the funds garnered through their scams in the form of crypto currency to Dubai, from where the scam funds were subsequently withdrawn.
“After a cyber crime case was registered at the Garladinne police station recently, special unite undertook a detailed investigation into the case which unraveled the modus operandi of the cyber scamsters,” the Anantapur SP told reporters.
“It was found that the gang was involved in various cyber frauds including online gaming, job frauds, OTP frauds etc. In connection with the Garladinne case alone, we detected 16 fictitious bank accounts through which Rs 35.59 crore worth fraudulent transactions were executed by the gang,” Anburajan added.
The district police wing arrested five persons identified as Mohammed Samad, Venkatachalam, S Sandeep, Ajay Reddy and Sandhya Rani, belonging to different parts of Andhra Pradesh and Telangana.
The intermediaries arrested by the police earned Rs 20 lakh as commission so far by resorting to various cyber frauds.
The mastermind behind the racket is yet to be arrested by the police.
Anantapur SP appreciated the cyber crime unit which unearthed the racket, leading to the arrests of five cyber criminals.
