The Bengaluru police busted a cybercrime network that cheated people by promising huge returns on investments, contacting them through instant messaging apps like WhatsApp and Telegram.
Freezing a total of 84 accounts to which the money swindled had been laundered, police have recovered ₹5 crore. However, the total transactions in these 84 accounts total to ₹854 crore, indicating the extent of the scam. These accounts have been flagged in 5,013 similar complaints with the National Cyber Crime Reporting Portal (NCRP) from across several States, said city Police Commissioner B. Dayananda on Saturday.
The city cybercrime police were probing 17 complaints registered in the city regarding the same modus operandi, in which victims lost a total of ₹49 lakh.