In a significant breakthrough,the cyber crime wing of HCP busted a transnational gang involved in Rs 903 crore investment fraud who has connections in Cambodia, Dubai and China.
Perpetrators lured gullible investors through fake investment apps & laundered money.
Being the authorised money changers, these accused took advantage and exploited all the norms.
These type of frauds has ramifications across the country & and can have devastating effects on our economy.
A harmonized approach and coordination among law enforcement agencies,financial institutions administrators and regulators can help combat this menace threatening national security and economy.
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