Symbolic photo.
Investigative agencies also swung into action after Prime Minister Narendra Modi warned of the dangers of digital arrests. Investigating agencies said they are taking action against such cyber crimes. Meanwhile, the Enforcement Directorate has filed a charge sheet in a similar case. Meanwhile, the Indian Cybercrime Coordination Center has issued a new advisory.
The Enforcement Directorate (ED) said in a statement on Saturday that eight accused were charged in a special Prevention of Money Laundering Act (PMLA) court in Bengaluru last month. Among them, there are accusations that ordinary people are lured through fake IPO allotments and investments in the stock market through allegedly fraudulent applications.
These gangs lure people with benefits.
The Enforcement Directorate said: “Investigation has revealed that there is a huge network of cyber fraud in India, which includes fake stock market investments and digital arrests. It is mainly carried out through social media platforms such as Facebook, Instagram, WhatsApp and Telegram. Under cyber fraud, such Gangs lure people with profits.
The ED said, “The stock market investment scam, popularly known as the pig-killing scam, lures people through fake websites and misleading WhatsApp groups. Looking at these misleading WhatsApp groups, they appear to be linked to reputed financial companies. The ED said the Victims of the scam are digitally arrested by impersonating customs and CBI officials and thus, people are eventually forced to pay.
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India’s Cybercrime Coordination Center issued an advisory on Sunday. Here’s a call for people to be wary of digital arrests. Others said the person who made the video call was not the police, CBI, customs officials or judges. An organization affiliated with the federal interior ministry said the men were cybercriminals.
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In the advisory, people are asked not to fall for these scams and immediately lodge complaints by calling the National Cyber Crime Hotline or the official portal for reporting cyber crimes. Prime Minister Modi raised the issue of digital arrests in his monthly radio address on October 27.
