Online racket busted: 4,500 duped of Rs 11 cr | punjab | Hindustan Times
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Online racket busted: 4,500 duped of Rs 11 cr

punjab Updated: May 25, 2014 10:14 IST
Gurpreet Singh Chhina
Gurpreet Singh Chhina
Hindustan Times
Fategarh Sahib

The police here on Saturday nabbed a fraudster who had alle gedly duped 4,500 people across the country to the tune of Rs 11 crore. The accused was active in Chandigarh and its adjoining areas and he had set up his offices also.

The police claimed that he was involved in an online fraud and made Rs 11 crore within six months by cheating people.

The accused has been identified as Shyam Prasad, a resident of Andhra Pradesh. The police have arrested his three other partners but have not disclosed the names of other gang members.

He had registered a website “Helping”. He had advertised through inter net and allured the people by giving assurances that the money would be doubled within 40 days.

He used to show the doubled amount in some of the accounts. The gang members were trying to misguide the people by claiming that they were able to double the money within 40 days.

By this method, they were able to make 4500 members within India who were deceived. Police officials are taking the assistance of bank officials for tracing the account numbers.

They are also getting assistance from the cyber cell to trace other gang members. The police arrested him on the charges of cheating and various sections of the IT Act.