Mastermind Behind Rs 92 Lakh Social Media Scam Arrested in Bhadrak; Linked to Chinese Cyber Network
In this news:
Key takeaways
- Pritam Nayak was arrested in Bhadrak for masterminding an INR 92 lakh cyber scam.
- The scam lured victims via social media with false promises of double investment returns.
- Nayak worked with Chinese cyber operators and received commissions in cryptocurrency.
The accused, identified as Pritam Nayak, alias Babulu, hails from the Bant area in Bhadrak district.
The arrest follows a high-profile cyber fraud investigation involving a staggering INR 91.90 lakh (approx. INR 92 lakh) conned from a resident of Bhubaneswar.
The modus operandi of the social media scam
According to police sources, the scam was orchestrated through popular social media platforms, including Facebook and WhatsApp. Victims were lured into the trap with deceptive promises of “double returns” on investments. Once hooked, the funds were siphoned off through a network of meticulously arranged bank accounts.
Investigation revealed that Nayak operated in close coordination with Chinese cyber operators via Telegram. Acting as a critical local link, he arranged and supplied mule bank accounts to funnel the illicit funds. In exchange for his services, the accused received his cut in cryptocurrency commissions, helping the syndicate mask the financial trail.
Ongoing crackdown by cyber authorities
With Nayak’s arrest, the total number of individuals apprehended in connection with this specific multi-million rupee scam has risen to five, following the earlier arrests of four other accomplices. Cyber cell authorities have reiterated warnings against engaging with unverified online investment schemes promising unrealistic returns on social media.
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