Coimbatore police recover 68.6 lakh from cyber fraudsters in seven months
"We have frozen Rs93 lakh in various accounts that the city residents lost to cyber fraudsters from January 1 to July 31 this year.
Out of that, Rs68.61 lakh was recovered and handed over to the victims," a police officer said.
He said they had a dedicated team to identify the bank accounts used by online scamsters to receive money from their victims. "The team requests banks to freeze such accounts. After verifying transactions, banks transfer the amount to respective courts. The recovered money is then handed over to the victims in the form of demand drafts or online transactions."
Pointing out that online financial crimes were on the rise in the city, the officer said they had arrested five cyber fraudsters since January this year and remanded them in judicial custody. "Reporting cyber scams to police immediately after the occurrence is important in initiating the recovery procedure."
He said the cases related to online gambling and loan app scams have decreased in recent times. "However, the number of people losing their hard-earned money to online investment and digital arrest scams is still on the rise. We are creating awareness among people to curtail such online scams."
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