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The Central Crime Branch (Cyber Crime) has arrested two additional suspects, including the alleged mastermind, in a nationwide online trading scam that defrauded victims of over Rs100 crore.
The investigation began when 36-year-old Karthik from Perungudi lost Rs1.43 crore to a fake online investment app promoted on social media. After he lodged a complaint on September 16, the CCB set up a special task force. Earlier, authorities had already arrested Surya Srinivas, Dinesh, Arun Pandian, and former bank manager Seshadri Ethiraj in connection with the scam.
The latest arrests mark a significant breakthrough in unraveling the complex network behind the fraudulent scheme, which targeted unsuspecting investors across the country.
