The cybercrime wing of Cyberabad police detected six cases and arrested 10 accused persons across various States between May 20 and May 26, in coordinated enforcement actions targeting online fraud networks operating at a pan-India level.The accused were linked to multiple categories of cyber offences, including trading fraud, impersonation fraud, digital arrest scams, job fraud and vishing call fraud. Of the total arrests, four were connected to trading fraud cases, while others were linked to isolated cyber offences across different categories.In a major case, the police busted a fake stock trading and IPO investment fraud involving a victim cheated of ₹7.19 lakh through a fraudulent application and WhatsApp group.
The victim was lured with promises of high returns through stock trading, IPO allotments and institutional investments, and was shown fake profits on the application to gain trust before being defrauded.Police said the accused initially allowed small withdrawals to build confidence before blocking all withdrawals and demanding additional commission payments. The victim was later cut off after transferring large sums of money.In this case, three accused from Delhi, identified as Asim Khan, Shazeb Khan and Mohd Kamran, were arrested for creating and supplying bank accounts used to receive and route the cheated money in exchange for commission.The police also processed refund orders in 70 cases, securing court directions for the refund of over ₹1.39 crore to victims of cybercrime.Officials have urged the public not to trust online investment groups or unverified trading applications and to avoid transferring money to unknown accounts.
Citizens have been advised to report cyber fraud immediately on the national helpline 1930 or cybercrime.gov.in.
