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4mo ago

Indian Cybercrime Crackdown Leads to Arrests in Multi-Crore Fraud Cases

Law enforcement intensifies efforts to dismantle cyber fraud networks exploiting social media, fake trading apps, and WhatsApp groups, with recent arrests and asset freezes targeting high-value scams.

According to police, an FIR was filed at the Cybercrime (Central) police station on October 23 under relevant sections of the Bharatiya Nyaya Sanhita and IT Act. (File Photo)
Retired telecom executive loses ₹1.10 crore in online trading scam
Image
One accused was arrested from Dahisar, the other one, from Mangaluru, is absconding/ (Shutterstock)

Overview

  • Authorities arrested Mohit Akash Bhojraj in Mumbai for his role in a ₹67.15 lakh scam targeting elderly sisters through a fake WhatsApp trading group; the mastermind remains at large.
  • Delhi Police apprehended Jitendra Sharma in Maharashtra for defrauding victims of ₹48 lakh via a fake trading app linked to 46 complaints on the National Cybercrime Reporting Portal.
  • Odisha Police detained Syed Iqbal Hussain in Hyderabad for orchestrating a ₹47.20 lakh IPO and OTC trading scam, with several bank accounts frozen as part of the investigation.
  • A retired telecom executive in Navi Mumbai lost over ₹1.10 crore in an online trading scam involving a fraudulent website and WhatsApp group; police have registered a case and initiated a probe.
  • Mumbai courts granted bail to Mohammed Junaid, whose bank account was used in a ₹3 lakh fraud, with the judge noting his lack of intent to commit a crime.