Panchkula Police Arrest Three in Rs. 3.28 Crore Crypto and Online Investment Fraud Case, Exposing Interstate Cybercrime Network
Panchkula Police arrested three people in connection with separate cyber fraud cases. These involve fake cryptocurrency trading platforms, bogus stock market investments, and fraudulent online investment schemes. The investigation exposed suspected links to an interstate cybercrime network operating across Haryana and neighboring states.
The Cyber Crime Police Station in Sector 20, Panchkula, arrested the accused. Investigators used technical surveillance, financial transaction analysis and digital evidence to trace the accused. The broader cases involve alleged fraud amounting to Rs. 3.28 crore.
Victim Loses Rs. 83.22 Lakh in Fake Crypto Trading Scam
In one of the main cases, a resident of Panchkula claimed that he suffered financial losses to the tune of Rs. 83.22 lakhs as a result of fraudulent activities on the part of some individuals. Police have arrested two accused persons in the case – Vishnu alias Billa, a resident of Fatehabad, and Surya, a resident of Hisar.
According to investigators, the accused allegedly created a fake cryptocurrency trading system to dupe the victim into transferring funds. In this connection, the police are now looking into the entire money trail in this case to determine whether there were any other participants in the alleged fraud. Police have also arrested a person named Nishant.
According to investigators, “The case points to a wider network involved in fake investment schemes. Such operations often use fraudulent platforms, multiple bank accounts and digital channels to convince victims that their money is generating profits.”
Digital Evidence Helps Investigators Track Accused
The authorities are investigating bank transactions, digital data, and other financial connections to find out the entire structure of the network.
Investigators are also trying to find other suspects and to discover if there are any other victims.
The Panchkula Cyber Crime Police Station relied on technical surveillance and analysis of financial transactions during the investigation. The process helped investigators connect the accused with the alleged fraud and trace the movement of funds.
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