Cyber Police bust fake VIP trading account Scam

Cuttack: The Odisha Cyber Police under UPD Cuttack has achieved a significant breakthrough against cybercrime by busting an online fraud case involving a fake ‘VIP trading account’ scam. The police arrested one person in connection with the case.

According to DCP Khilari Rishikesh Dnyandeo, “A case was registered in the Cyber Police Station in Cuttack UPD. The victim was from Balasore. He got a link on Telegram for VIP trading…Being tempted by this, he transferred around 7,68,000 six times in November-December 2024. Later, the person who contacted the victim stopped contacting him…Then the victim filed a complaint”.

Bhadrak police apprehended the accused and recovered several items, including many cheques, 12 ATM cards, 5 SIM cards, and multiple mobile phones. The police further seized 2,30,000 rupees.

“I would like to appeal to the people to avoid investing in trading accounts and be cautious of such frauds” said DCP Khilari Rishikesh.

The investigation highlights the growing concerns over cybercrime in the region, and authorities are urging people to be cautious when investing online. The police are continuing their investigation and working to uncover more details about the scam. Further investigation is underway.