• TAMIL
  • KANNADA
  • NATIONAL POLICE DAY
Friday, May 16, 2025
No Result
View All Result
Police News Plus
  • Home
  • Interpol Police
  • International
  • National News
  • States +
    • SOUTHERN STATES
    • CENTRAL STATES
    • NORTHERN STATES
    • NORTH EASTERN STATES
    • NORTH WESTERN STATES
    • EASTERN STATES
    • WESTERN STATES
  • Police News +
    • ARMY NEWS
    • AIR FORCE
    • Awareness
    • BSF Police News
    • CBI Police News
    • CRPF Police News
    • Condolences
    • Navy News
    • Navy News
    • WOMEN POLICE
  • Recruitment
  • Youtube
  • TAMIL NADU
  • KARNATAKA
  • ANDHRA PRADESH
  • TELANGANA
  • AIR FORCE
  • ARMY
  • BSF
  • CBI
  • CRPF
  • Navy
  • NIA
  • Greetings
    • MEMBER GREETINGS
    • POLICE GREETINGS
  • TECHNOLOGY
  • Home
  • Interpol Police
  • International
  • National News
  • States +
    • SOUTHERN STATES
    • CENTRAL STATES
    • NORTHERN STATES
    • NORTH EASTERN STATES
    • NORTH WESTERN STATES
    • EASTERN STATES
    • WESTERN STATES
  • Police News +
    • ARMY NEWS
    • AIR FORCE
    • Awareness
    • BSF Police News
    • CBI Police News
    • CRPF Police News
    • Condolences
    • Navy News
    • Navy News
    • WOMEN POLICE
  • Recruitment
  • Youtube
  • TAMIL NADU
  • KARNATAKA
  • ANDHRA PRADESH
  • TELANGANA
  • AIR FORCE
  • ARMY
  • BSF
  • CBI
  • CRPF
  • Navy
  • NIA
  • Greetings
    • MEMBER GREETINGS
    • POLICE GREETINGS
  • TECHNOLOGY
No Result
View All Result
Police News Plus
No Result
View All Result
  • Home
  • Interpol Police
  • International
  • National News
  • States +
  • Police News +
  • Recruitment
  • Youtube
  • TAMIL NADU
  • KARNATAKA
  • ANDHRA PRADESH
  • TELANGANA
  • AIR FORCE
  • ARMY
  • BSF
  • CBI
  • CRPF
  • Navy
  • NIA
  • Greetings
  • TECHNOLOGY
Home ANDHRA PRADESH POLICE

Cyberabad Cyber Team Busts Crypto currency Fraud, Accused Arrested in Bengaluru

Admin by Admin
July 28, 2016
in ANDHRA PRADESH POLICE, Latest News
Reading Time: 2 mins read
390 12
A A
0
609
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter

RelatedPosts

Pink Help Desk Launched in Puri District

DGP J&K Commends Border Forces

Double Life Terms for Six Accused in Murder Case

Hyderabad: The Cyberabad Cyber Crime team has busted a major Cryptocurrency fraud in Hyderabad recently. According to police, the the complainant was lured to invest Rs 18 lakh on www.3gcoin.eu, which claimed to return 180 times the invested amount in two years. The Cyberabad Cyber Crime team arrested the company’s operations head, BM Jagadeesha in Bengaluru on July 16, who is now on remand. Md Riyazuddin, Inspector of Police (cyber crimes), Cyberabad said, “Though cases have been registered on the basis of cheating, forgery, fraud, impersonation, breach of trust, this is the first case of its kind registered with Cyberabad police regarding cryptocurrency”. The agents of the cryptocurrency company claimed to offer “180 times returns in two years” by the investors through virtual mining website. The victim, a software engineer from the city, invested Rs  18 lakh in January and approached the police on July 11 when the company failed to pay him the promised monthly returns. Jagadeesha had started a company that was registered in Germany, in the name of two fictitious persons and Nagarajan, who expired last year. According to investigations, the accused claimed his ‘management team’ to be based in Germany, England and Wales. He had opened five bank accounts. The company had accounts with ICICI Bank and Axis Bank in the name of a dead person. The IOP warned public that, “People should not get tempted if they are offered enormous amount of profit because there is no such company which can earn 180 times profit in two years”. Police said there are some other websites like wowcoin, onecoin, richcoin, litcoin that operate and function on the same lines. He added, “These websites claim to be similar to Bitcoin which has become successful to some extent,” said Riyazuddin. These fraud companies take advantage of Bitcoin’s success and try to lure investors’’. According to a police press note, Jagadeesha had amassed Rs  2,89,12,500 and most of the amount was distributed as commission to agents.    ]]>

Related Posts

Pink Help Desk Launched in Puri District

Pink Help Desk Launched in Puri District

May 16, 2025
DGP J&K Commends Border Forces

DGP J&K Commends Border Forces

May 16, 2025
Illegal Weapons Sentencing

Double Life Terms for Six Accused in Murder Case

May 16, 2025
Fatehabad SP Urges Public: Verify Tenants, Avoid Legal Action

SPO Recruitment Announced in Fatehabad

May 16, 2025
Hyderabad Police Commissioner CV Anand Honored at Dubai Summit

Hyderabad Police Commissioner CV Anand Honored at Dubai Summit

May 16, 2025
Palace Security Helps Recover Documents

Palace Security Helps Recover Documents

May 16, 2025

News Archives

Latest News

Pink Help Desk Launched in Puri District

DGP J&K Commends Border Forces

Double Life Terms for Six Accused in Murder Case

SPO Recruitment Announced in Fatehabad

Hyderabad Police Commissioner CV Anand Honored at Dubai Summit

Palace Security Helps Recover Documents

High-Value Theft Solved by Police

SOUTHERN INDIA

  • ANDHRA PRADESH POLICE
  • KARNATAKA POLICE NEWS
  • KERALA POLICE NEWS
  • PUDUCHERRY POLICE NEWS
  • TAMIL NADU POLICE NEWS
  • TELANGANA POLICE NEWS

WEATERN INDIA

  • CHHATTISGARH POLICE NEWS
  • MADHYA PRADESH POLICE NEWS
  • MAHARASHTRA POLICE NEWS
  • RAJASTHAN POLICE NEWS
  • GOA POLICE NEWS
  • GUJARAT POLICE NEWS

NORTH INDIA

  • CHANDIGARH POLICE NEWS
  • HARYANA POLICE NEWS
  • HIMACHAL PRADESH POLICE NEWS
  • PUNJAB POLICE NEWS
  • UTTARAKHAND POLICE NEWS
  • UTTAR PRADESH POLICE NEWS

EASTERN INDIA

  • BIHAR POLICE NEWS
  • JHARKHAND POLICE NEWS
  • ODISHA POLICE NEWS
  • SIKKIM POLICE NEWS
  • WEST BENGAL POLICE NEWS
  • TAMIL
  • KANNADA
  • NATIONAL POLICE DAY

© 2022 Newsmedia Association of India Developed by JMIT.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Interpol Police
  • International
  • National News
  • States +
    • SOUTHERN STATES
    • CENTRAL STATES
    • NORTHERN STATES
    • NORTH EASTERN STATES
    • NORTH WESTERN STATES
    • EASTERN STATES
    • WESTERN STATES
  • Police News +
    • ARMY NEWS
    • AIR FORCE
    • Awareness
    • BSF Police News
    • CBI Police News
    • CRPF Police News
    • Condolences
    • Navy News
    • Navy News
    • WOMEN POLICE
  • Recruitment
  • Youtube
  • TAMIL NADU
  • KARNATAKA
  • ANDHRA PRADESH
  • TELANGANA
  • AIR FORCE
  • ARMY
  • BSF
  • CBI
  • CRPF
  • Navy
  • NIA
  • Greetings
    • MEMBER GREETINGS
    • POLICE GREETINGS
  • TECHNOLOGY

© 2022 Newsmedia Association of India Developed by JMIT.