Rourkela: Dismantling a global cybercrime network, the Rourkela police in Odisha on Saturday detained six individuals who were purportedly engaged in fraudulent stock market applications and confiscated evidence against them.
According to authorities, the network used fictitious stock market apps to deceive individuals throughout the world out of Rs 67.70 lakh.
The main offender, who was found to be from Ujjwal in Bhilai, Chhattisgarh, and his friend Pankaj Rao gave 200 Indian SIM cards and bank accounts that were rented out by mule to foreigners.
A complaint has been filed under Sections 419, 420, 465, 467, 471, and 120B of the IPC as well as Sections 66C and 66D of the IT Act, according to Rourkela SP Mitrabhanu Mahapatra’s media statement. “The mastermind behind this global cybercrime organisation has been discovered. He said, “He is a foreign national.
Investigating on a top Central government officer’s allegation, a group of detectives worked with the State Crime Branch, Indian Cyber Crime Coordination Centre (14C), Ministry of Home Affairs (MHA), and other agencies. According to data from the JCCT Management Information System (JMIS) of 14C, MHA, they discovered more than 210 complaints from all over India.
Bihar, Maharashtra, Telangana, Karnataka, Andhra Pradesh, Gujarat, Rajasthan, Tamil Nadu, Uttar Pradesh, Arunachal Pradesh, NCT of Delhi, Kerala, Chhattisgarh, and Jharkhand were the states from where the majority of the complaints were filed.
The researchers discovered that the criminals utilised digital ads and mule accounts, and that the IP addresses used to connect into the accounts revealed Abu Dhabi and Cambodia. They created a phoney mobile trading programme called Indira Securities, which displayed stock values in both genuine and fraudulent returns, and they obtained SIM cards under the name of Sandeep Jain. After the first returns, the app ceased paying out.
The data of the fictitious Indian SIM cards that were used in the fraud were recovered by the police from Cambodia, and they have asked the service providers to take the appropriate measures. The SP stated, “We are reporting the crime to various law enforcement agencies across the nation.”
Source: Odishabytes