:CYBERABAD POLICE BUSTED ONLINE CHEATING GANG SIX ON LINE CHEATING GANG MEMBERS PROMISING HIGHER RATE OF INTEREST ARRESTED. 6 members interstate online fraudsters Gang arrested by Cyber Crimes Police of Cyberabad. About 40 lakhs cash, Innova and property documents all worth about Rs. 1 Crore seized. Cyber Crimes Police of Cyberabad busted 6 members interstate gang of online fraud, who operates from Panjim Goa and seized net cash of about 40 lacs, property documents, worth 58 lakhs and one Innova Car, all worth about Rs.1 Crore have been seized from them. The facts of the case are that, the kingpin of the gang “Phani Raj Gowda” said to be the Chairman and managing director of Mysore based NISHKA group of companies suffered loss in the co-operative society under his management. In this regard several criminal cases were registered against him in Mysore, Bangalure and Chamarajnagar of Karnataka State. So he hatched a plan along with his close aid and former director of NISHKA co-operative society by name Puttaraju, his close follower Mahesh Chikkaiah, former employee of the same society by name R.M.Chaman and software professional by name Dada Peer to setup finance company to collect money from the public by way of deposits. Cleverly the said Phani Raj Gowda got registered a firm with a title of “Vcan Traaders” got it registered in the name of his associate Puttaraju and father in-law of R.M.Chaman. The accused have taken office premises on rent in posh locality of Panjim city and also hosted a website: vcan22. The accused also posted online advertisements in different marketing websites by offering 4% interest per day on the deposits operated on online bank accounts. Initially some of the software employees of Hyderabad have invested small amounts on which the fraudsters paid the 4% interest per day promptly as such they fallen into the trap of the fraudsters and invested huge amount. After collecting about Rs. 4 to 5 Crores from various states all the fraudsters switched off their cell phones and vacated the premises and went underground. facebook/aknewshyd Then the victims realized that, they have fallen into the trap and got cheated. On the receipt of the victims a case vide Cr.No. 217/2014 U/s 406, 420, 120(B) IPC and Section 66 (C) and 66(D) of Information Technology Act has been registered and took up investigation. facebook/aknewshyd A special team of Cyber Crimes Cyberabad consisting of Inspector Md. Riyazuddin SI K. Srinivas and staff visited Goa, and Karnataka States and arrested 3 accused namely Ziaullah, Dada Peer, RM Chaman from Chitradurga district of Karnataka State and recovered net cash of Rs. 26,50,000/- from Dada Peer, Rs. 9,00,000/- and property documents worth Rs. 58 lacks which was purchased from the cheated amount have been recovered. The kingpin of the gang Phani Raj Gawda along with his other associates Puttaraju, Chikkaiah Mahesh on information were intercepted while they were going in Innova Car in Sakleshpur village of Hasan District of Karnataka state and net Cash of Rs. 3,95,000/- and other relevant documents have been recovered from Phani Raj Gowda. It is pertinent to note that, initially the fraudsters have paid the so-called 4% interest per day from the deposits of the investors; they did not invest even a rupee as investment in the business. But the investors are under impression that, they are getting profit and thereby got cheated . All the arrested accused is being produced before court for sending them on remand. Hence we are requesting the public to take all precautions before investing their hard earned money and not to fall into the honey traps and became prey of fraudsters, get cheated. facebook/aknewshyd Cyber Crimes Inspector Md. Riyazuddin with the assistance of SI K. Srinivas investigating the case under the guidance of Sri. S. Jayaram, M.Snehitha, Asst. Commissioner of Police Cyber Crimes, under the supervision of Sri, B. Srinivas Reddy, Addl. Commissioner of Police Crimes Cyberabad. The sincere and dedicated efforts of the above officers in breaking the network of fraudsters appreciated by the Sri. C.V. Anand, IPS Commissioner of Police Cyberabad and they are being rewarded suitably for preventing further cheatings and arresting the accued in time.
Posted on: Tue, 30 Dec 2014 00:02:06 +0000
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