The Odisha Cyber Police, under UPD Cuttack, have arrested a man involved in a fake ‘VIP trading account’ scam after a victim from Balasore lost Rs7.68 lakh over six transactions between November and December 2024.
DCP Khilari Rishikesh Dnyandeo revealed the victim was lured via a Telegram link promising VIP trading opportunities. After transferring the money, contact with the scammer was lost. The accused was apprehended by Bhadrak police, recovering several items including 12 ATM cards, 5 SIM cards, multiple mobile phones, several cheques, and Rs2.3 lakh in cash.
The DCP warned the public against investing in unverified trading accounts and urged caution amid rising cyber fraud cases.
In Gujarat, cybercrime teams from Ahmedabad, Surat, Rajkot, and Vadodara, alongside the State Cyber Crime Cell, cracked 12 major cases in the past 15 days, arresting individuals linked to Chinese cyber gangs and digital fraud.
On May 16, 2025, the Ahmedabad Cyber Crime Branch arrested six members of a Chinese cybercrime gang operating from Cambodia and Nepal. The gang had hacked the ICICI Bank account of Pranay Bhavsar, stealing Rs48.85 lakh, and had reportedly held him captive in Nepal for six days while committing digital arrest, investment fraud, and Telegram task fraud. Over 200 complaints are registered against them on the National Cyber Crime Reporting Portal.
In another case on May 14, 2025, Janak Bhalala and Bhavesh Borad were arrested in Surat for defrauding a woman of Rs14.94 lakh by impersonating Mumbai Cyber Crime officials. Dilip Jagani, implicated in seven cyber frauds, collaborated with Cambodian-Chinese nationals from Nepal to launder money.
Authorities continue investigations to dismantle these organized cybercrime networks and urge the public to remain vigilant.
