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40000 SIM cards, more than 180 mobiles; This is how he used to commit fraud in online trading
Cyber Crime: The Indian stock market has been giving strong returns for the last few years. In such a situation, many new people have started investing money in the stock market who do not know its intricacies. Cybercriminals look for such people to commit fraud. Market regulator SEBI is continuously making people aware of this. But fraudsters are adopting new tactics to trap people.
The Indian stock market has been giving strong returns for the last few years. In such a situation, many new people have also started investing money in the stock market, who do not know its intricacies. Cybercriminals look for such people to commit fraud. Especially, by using social media platforms like Facebook, Telegram, and WhatsApp. Market regulator SEBI is continuously making people aware of this. But, fraudsters are adopting new tactics to trap people.
The cybercrime unit of Malappuram police has detained a person in connection with an online trading fraud case in Kerala, who possesses over 40,000 SIM cards and 180 mobile phones. He was also found to be carrying six biometric readers. Defendant Koppa, Karnataka is home to Abdul Roshan. He was apprehended after a Malappuram resident filed a complaint.
Abdul Roshan allegedly tricked the man out of Rs 1.08 crore by trapping him under the guise of online trading. On Facebook, the victim discovered a link to a website for share markets. He clicked on it, and that's when his bad days began. He was caught in the web of fraudsters.
