Anantapur district police wing busted a major crypto currency racket with Dubai links on Friday, arresting five cyber criminals. During a press conference held at the district police office, SP KKN Anburajan revealed that a specialized gang was involved in a series of cyber frauds, duping the public and routing the funds to Dubai.
Following a cyber crime case at the Garladinne police station, a detailed investigation was conducted and it was discovered that the gang was engaged in online gaming, job frauds, and OTP frauds. 16 fictitious bank accounts were detected and Rs 35.59 crore worth of fraudulent transactions were executed by the gang.
The five persons arrested were Mohammed Samad, Venkatachalam, S Sandeep, Ajay Reddy and Sandhya Rani, from Andhra Pradesh and Telangana. They had earned Rs 20 lakh as commission so far. However, the mastermind behind the racket is still at large.
The Anantapur SP praised the cyber crime unit for uncovering the racket and arresting the five cyber criminals.