Gang arrested for scam of Rs.86 lakh in the name of crypto currency.

The Rachakonda cyber crime police have arrested three accused of committing frauds in the name of crypto-currency investments.

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 The Rachakonda cyber crime police have arrested a gang for indulging in frauds in the name of crypto-currency. Three accused from West Bengal have been detained.  In this order, Rs.50 lakh in the accounts of the accused has been retained. Cheque books, 5 Mobiles, 6 ATM cards and 6 SIM cards were seized from the detained. In the wake of several cases in the city. A special team of police who went to West Bengal arrested the accused and brought them. 

Police said Chhota bhai, a man in the gang, was indulging in frauds along with a bank employee from West Bengal Siliguri. He explained that the gang had collected 64 bank accounts in the name of the commission. Police concluded that the accused were indulging in frauds by setting up shell companies to get a large amount of money. The inquiry found that the gang had collected investments online with 14 shell companies. A person from Nampally was found to have been scam of Rs.86 lakh. Police found that the gang had committed crimes across the country. Police carried out air borne operations for the prime accused Chhota Bhai.