Bengaluru Police bust Rs 854 crore cyber investment fraud, arrest six people

Updated: Sep 30 2023 12:03PM

Bengaluru, Sep 30 (PTI) The Bengaluru Police have busted a Rs 854 crore cyber fraud scam and arrested six people who allegedly cheated thousands of victims across India on the pretext of an investment scheme, officials said on Saturday.

Out of the total cheated amount, Rs five crore had been frozen, they said.

The accused gang lured the victims through Whatsapp and Telegram. Initially, they were asked to invest smaller amounts ranging from Rs 1,000 to 10,000 on the pretext that they would earn Rs 1,000 to 5,000 per day as a profit, a senior police officer said.