Tech-Grad's High-Stakes Deceit: The Rs 6.03-Crore Scam
A B.Tech graduate, Krishna Kumar, was apprehended for orchestrating a Rs 6.03-crore online investment scam in Greater Noida. He lured victims via social media with false trading profits. The fraudulent activities involved fake numbers and layered transactions to avoid detection. Police probe continues.
- Country:
- India
Delhi Police have arrested Krishna Kumar, a B.Tech graduate from Greater Noida, for running a Rs 6.03-crore online investment scam, sources reported on Wednesday.
Kumar, 29, allegedly deceived individuals through a social media channel, 'Plus500 Global CS', promoting fake stock trading profits. Duped victims invested substantial sums before being ejected from the group.
Authorities uncovered that Kumar used virtual phone lines and layered bank transactions to mask fraudulent activities. He is now in custody, with police employing digital forensics to dismantle the syndicate and retrieve embezzled funds.
(With inputs from agencies.)
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