The Chennai Police announced the arrest of two individuals, I Satishkumar (35) and R Satish (26), from Thiruvottiyur in connection with a case where a dentist from Vanagaram lost Rs1.19 crore through a fraudulent online share trading application.
According to police reports, the victim attempted to withdraw his funds after the app indicated substantial profits, only to be met with demands for additional money from the fraudsters.
In a significant operation, authorities seized Rs23.8 lakh in cash, gold chains, and records of several bank accounts used by the suspects to transfer the stolen money.
In a separate incident, the Tambaram Police apprehended two men from Kerala who impersonated officials from TRAI and CBI. They defrauded an Irumbuliyur resident of Rs50 lakh by threatening him with a money laundering investigation. The police also confiscated a car allegedly purchased with the fraudulent proceeds.
Additionally, Telangana police arrived in Chennai to arrest a Maduravoyal resident linked to a case whereRs5 crore was deposited into his account by cybercrime fraudsters. Authorities stated that the accused had assisted the fraudsters in opening bank accounts.
