Hyderabad: Gang of people who conducted a scam worth Rs 903 crore were captured from Hyderabad. Police arrested 10 people, including Chinese citizens.
The gang used the RBI approved foreign money exchange agents to convert money into dollars through fake mobile applications and smuggle it abroad through hawala leaders. Police sealed the call centres used by the culprits and also froze their bank accounts that they created to conduct this dealing.
The investigation agency seized Rs 1.91 crore from different accounts used by the accused. Police also said that there is also an indication that the scam has spread across the nation.
The investigation was held on the basis of a complaint registered by a person who was subjected to an online money scam.
Police suspect whether the culprits conducted the scam in Mumbai too. They found that the gang had sent all the account details to Imran, a Dubai native. Police also received some documents that give proof of Imran conducting financial transactions in connection with the scam.
More investigation is being held in the incident. It is said that the scam is massive and really serious. There are indications that the investigation may be taken up by the Central agencies.
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