Rourkela(Zee Kalinga Live) : The Rourkela Cyber Police have busted a fraud racket with suspected international links, arresting nine individuals accused of duping unsuspecting investors through a fake trading app named ‘TradeNow’.Acting on credible intelligence, the cyber police first raided an apartment in the Civil Township area, detaining two suspects. Their interrogation led to a second raid in Basanti Colony, resulting in the detention of five more individuals. Further investigation led to the arrest of two more suspects from Raipur, Chhattisgarh.So far, ₹1.41 crore has been seized from 23 bank accounts linked to the accused. Authorities believe more funds may be unearthed, as verification of 176 additional bank accounts is still underway.A case has been registered at the Rourkela Cyber Crime & Economic Offences Police Station (Case No. 04) under Sections 318(4), 319(2), 336(3), 338, 61, and 111(2)(b) of the BSN Act, read with Sections 66-C and 66-D of the Information Technology Act.The investigation remains ongoing, with police expecting more revelations as they continue to trace the money trail and network behind the scam.
Cyber fraud racket busted in Rourkela; 9 arrested
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