A fake investment scheme cracked in October 2023, involving a network of 84 bank accounts with transactions worth over ₹850 crore, and a work-from-home scam unearthed last week, involving a network of 30 bank accounts with transactions worth over ₹150 crore, were detected by following the trail of money laundered through several bank accounts.
“Opening these bank accounts is a point where the cyber and the real worlds meet, leading us to some of the accused,” a senior police official said.
But the biggest challenge to cybercrime investigations in the city has been the non-cooperation of banks and internet intermediaries, who hold information critical to unmasking cybercriminals and recovering the swindled money.
