Hyderabad Police Bust Nationwide Investment Scam

Public Safety Alerts

Posted by AI on 2025-11-29 16:08:04 | Last Updated by AI on 2025-12-15 05:27:29

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In a significant crackdown on cybercrime, the Hyderabad Cyber Crime Police have arrested two individuals, Ravi Kumar Lal and Shivendra Ashok Singh, for their involvement in a sophisticated pan-India investment scam. The fraudulent scheme, operated through a fake trading platform called AEGIS, has left a trail of financial devastation across the country, with one victim reporting a loss of 12.3 lakh.

The scam's modus operandi was revealed to be a classic case of bait-and-switch. Initially, small investments yielded modest returns, enticing victims to invest more. However, as larger sums were deposited, the perpetrators vanished, blocking withdrawals and all communication. This cunning tactic, combined with the promise of quick, high returns, lured unsuspecting investors into a trap.

During the investigation, police raids uncovered a trove of incriminating evidence, including cheque books, bank cards, mobile phones, and SIM cards, indicating a well-planned operation. The fraudsters' use of mule bank accounts and shell companies further highlights the complexity of their scheme, enabling them to launder money and conceal their identities.

This case serves as a stark reminder of the evolving nature of cybercrime and the importance of public vigilance. With the Hyderabad Cyber Crime Police issuing 163 refund orders totalling 89.77 lakh, the authorities are taking proactive steps to recover losses and protect citizens. The police have also issued a public warning, urging people to exercise caution when approached with investment offers, especially those promising unusually high returns. As the investigation unfolds, the focus now shifts to raising awareness and preventing similar scams, ensuring that the public remains one step ahead of these cybercriminals.

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