Cybercrime has become a significant challenge for India in the modern era. Cybercriminals are moving away from old methods and adopting sophisticated and shocking tactics. They are increasingly using social media platforms to contact people, promising investment returns of 5 to 10 times the initial amount. A similar case has been exposed by the Cyber Crime Police Station of Ranchi CID, where a man was defrauded of ₹1.53 crore by cybercriminals. The victim was contacted via WhatsApp and lured into making investments with the promise of high returns. The fraudsters sent links that led to the victim losing a substantial amount of money. The police arrested Aira Lakshma Reddy from Karimnagar, Telangana, and Mohammad Asif from Hapur, Uttar Pradesh, in connection with the case. Investigations revealed that ₹58 lakh was deposited into an IDFC First Bank account used by the gang within just two days. According to the Ministry of Home Affairs’ National Cyber Crime Reporting Portal, there are 11 cases registered across the country linked to this account, including in Karnataka, Madhya Pradesh, Andhra Pradesh, Maharashtra, West Bengal, Telangana, and Jharkhand. The Jharkhand CID has appealed to the public to avoid clicking on investment-related advertisements on social media, refrain from registering through unknown links, and only invest through government-authorized applications after gathering complete information. They also advise reporting cyber fraud on the cyber helpline number 1930 or the website cybercrimegovin.
