Engineer held for duping man of 6cr in name of investments
According to police, the accused targeted people through social media and pushed them to join an online channel, where he showed them fake profits using doctored screenshots, fabricated trading dashboards and scripted chats.
The accused was identified as Krishna Kumar, who was nabbed from Kulesara in Greater Noida, Uttar Pradesh.
Police said the complainant was also shown fabricated investment profits and persuaded to invest Rs 6.03 crore. The amount was transferred through several transactions to multiple accounts, all of which were controlled by members of the syndicate.
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DCP (crime) Aditya Gautam said, "The fraudsters used fake phone numbers and virtual lines on social media to conceal their identities and routed the money through multiple bank accounts to evade detection.
Out of the total amount, Rs 57 lakh was traced to an account under the name of a placement and loan services company, which was found to be a front controlled by the accused."
Police said Krishna, a BTech in mechanical engineering, was identified as the prime executor of the fraud. He allegedly ran two cyber cafes to facilitate fraudulent activities and hide transactions. He is now in police custody. Police are trying to identify other syndicate members and recover the assets. TNN
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