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2 clusters · 6 sources · 15 days · First seen · Last updated

Cyber investment fraud in India

Overview

A series of cyber fraud incidents in various Indian cities has targeted individuals through deceptive investment schemes. In Gwalior, victims lost approximately 39 lakh rupees within a 24-hour period via tactics such as impersonating bank employees and unauthorized account access.

Subsequent reports from Aligarh and Indore highlight a trend of criminals using social media advertisements and phone calls to promise high returns on stock market investments. In these cases, victims were able to see purported profits on fraudulent platforms but were unable to withdraw their funds, often facing further demands for money once the scam was discovered.

Entities

Bandhan Bank · HDFC Securities · Gwalior Police · Indore · Bank of India

Timeline

  1. [CRIME] 2 sources
    Cybercriminals target victims with fake stock market investment schemes

    Fraudsters are using fake stock market and international investment advertisements to defraud individuals of large sums in Aligarh and Indore.

  2. [CRIME] 4 sources
    Gwalior cyber fraud: 39 lakh rupees stolen in 24 hours

    Cybercriminals in Gwalior, India, defrauded victims of approximately 39 lakh rupees in 24 hours using investment scams and phone hacking techniques.

Sources

bhaskarhindi.com · hindi.news18.com · ibc24.in · mpbreakingnews.in · prabhatkhabar.com · samacharnama.com