Investment Scam: Jharkhand Man Swindled Out of ₹1.53 Crore, Two Arrested

A resident of Jharkhand fell victim to a cybercrime scam, losing ₹1.53 crore to fraudsters who lured him with promises of high investment returns. The Cyber Crime Police Station of Ranchi CID investigated the case, revealing the sophisticated methods employed by the criminals. The victim was contacted via WhatsApp and provided with links to invest. Subsequent investigation led to the arrests of Aira Lakshma Reddy from Telangana and Mohammad Asif from Uttar Pradesh. The cybercriminals instructed the victim to deposit the money into different bank accounts. The investigation further highlighted that one of the bank accounts used by the fraudsters (IDFC First Bank) had received a staggering amount of ₹58 lakh in just two days. The Ministry of Home Affairs’ National Cyber Crime Reporting Portal indicates that this account has been connected to 11 different cases registered across multiple Indian states. The Jharkhand CID has warned citizens to be wary of investment-related scams circulating on social media platforms. They advised the public to avoid clicking on suspicious links, registering on unknown websites, and to only invest through authorized platforms after careful consideration and due diligence. The CID also urged victims of cybercrime to report the incidents to the cyber helpline or the government’s cybercrime reporting website.