Telangana police have busted an interstate cybercrime gang and arrested five persons from Bihar who allegedly cheated victims across the country by offering fake fertiliser franchise opportunities and online loan services.
According to police, the accused are suspected to be linked to 498 cybercrime complaints nationwide involving fraudulent transactions worth around Rs 3.5 crore.
A technical investigation led police to the cybercrime network operating from Bihar. Four of the accused are from Nawada district, while the fifth is from Nalanda district. The arrested accused were produced before a court and sent to judicial remand. Further investigation is underway.
The accused are suspected to be linked to 498 cybercrime complaints nationwide involving fraudulent transactions worth around Rs 3.5 crore, according to police. Police seized 10 mobile phones and Rs 70,000 in cash. Investigators also traced around Rs 8 lakh in suspected fraud proceeds in bank accounts and stock market investments and froze the funds.
Police said the accused were also allegedly running a fake Bajaj loan scheme, targeting people searching online for loans and collecting personal documents before demanding various fees.
