Malkajgiri Cybercrime Police in Hyderabad have solved two online investment fraud cases reported between May 3 and May 9, arresting two accused allegedly involved in fake investment schemes. Police said the investigations exposed cyber fraud networks with links across several States and helped victims recover ₹4.31 lakh through court orders.
Two Cyber Fraud Cases Solved
According to the report, the Malkajgiri Cybercrime Police handled two separate cases during the week and traced the suspects through technical investigation and analysis of digital evidence. The cases were linked to fake online investment schemes that allegedly promised high returns to victims.
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Police said both cases revealed wider cyber fraud networks operating beyond Telangana, with links across several States. The arrests were made after investigators examined digital trails and evidence connected to the fraudulent transactions.
Victims Targeted Through Fake Investment Schemes
Officials stated that the victims were cheated through online investment offers that appeared to promise attractive returns. The fraudsters allegedly used these schemes to lure people into transferring money under the belief that they were making profitable investments.
The report does not provide detailed identities of the accused or victims, but states that two accused were arrested in connection with the cases. Police said the suspects were identified and detained after a technical probe.
₹4.31 Lakh Refunded to Victims
In a relief to the victims, Malkajgiri Cybercrime Police facilitated the refund of ₹4.31 lakh after obtaining orders from the court. The amount was returned to the victims’ bank accounts during the week, police added.
The case highlights the growing use of digital evidence in tracking online financial fraud and recovering stolen money. Police said the investigation exposed interstate links, indicating that such fraud operations may extend beyond local jurisdictions.
