The cybercrime wing of the Hyderabad city police arrested nine persons from Mumbai, Hyderabad and Ahmedabad, in what the police believe is a ₹712-crore countrywide investment fraud operated from Dubai and China.
The police said preliminary investigations revealed that some amounts had also been transferred to Hezbollah, a Lebanon-based terrorist organisation.
Thus far, the police have frozen various bank accounts worth ₹10.53 crore. As per the National Cybercrime Reporting Portal (NCRP), it has also identified that 745 complaints were registered regarding several accounts, allegedly supplied by the accused.
