The Cybercrime police in Warangal have arrested two persons from Tamil Nadu, allegedly involved in a online investment fraud, duping victims across the country of crores of rupees.
Sources said the man had reportedly received a proposal for investment through WhatsApp on July 1 and within 10 days, he had invested ₹ 4 crore, lured by the impressive profits projected by the scammers.
The Defendant committed cyber intrusions, by hacking into state death registry systems to fake his own death to avoid paying his child support obligations. He also hacked into private businesses and attempted to sell access to networks on the dark web
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The company could be fined up to 6 percent of its total worldwide annual turnover if the findings are later confirmed.
The Telangana Cyber Security Bureau arrested two individuals in Hyderabad for their involvement in a Rs.175 crore cyber fraud scam.
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