Representative image indicating cybercrime
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Mangaluru: The Cyber Economic Narcotics (CEN) police have arrested a 25-year-old youth who was involved in selling over 500 SIM cards to cyber fraudsters from Dubai, at the Indira Gandhi International Airport.
The arrested has been identified as Kanathala Vasudeva Reddy from Ganjam district in Odisha, said Commissioner of Police Anupam Agrawal.
Following a complaint that fraudsters had deceived a man to the tune of Rs 10,84,017 in the name of investment in share market for fetching huge profit by sending stock front line link, the CEN police had registered a complaint under Sections 66 (C), 66(D) of IT Act and IPC Section 420.
As a part of the investigation, the police had arrested Navavoolu Veera Venkata Satya Narayana Raju. Based on his statement, the police had issued a look out circular against Reddy who had sold SIM cards to cyber fraudsters.
The immigration officials at the Delhi airport arrested him while he was bound to travel to Dubai on December 18. The city police who went to Delhi took him into custody, the commissioner said.
The operation was carried out under the guidance of Commissioner Anupam Agrawal, DCPs Sidharth Goyal, Ravishankar by the CEN ACP Ravish Nayak, CEN inspector Sathish M P.
The investigation is in progress.
Over 90 complaints
In another case, the CEN police have arrested a 35-year-old man from Kozhikode in Kerala, for using his bank account for committing cybercrimes.
The Commissioner of Police said that the arrested is Jayanth P. The CEN police were investigating the case pertaining to a man losing Rs 40,64,609 in a stock market investment scam.
The complainant had alleged that an unknown person had promised high returns on investments in the stock market by contacting him on his WhatsApp.
The fraudsters had sent a link to a stock group named IIFL SECURITIES, convincing the complainant to invest a total of Rs 40,64,609 in a phased manner. During the investigation, the CEN police came across a bank account used in the cybercrime.
It was revealed that there were over 90 complaints across the country against the bank account of Jayanth, who was arrested in Kerala.