| Name of Complainant | |
| Date of Complaint | October 9, 2023 |
| Name(s) of companies complained against | Go Life Vacation club PVD. LTD |
| Category of complaint | Tours & Travels |
| Permanent link of complaint | Right click to copy link |
| Share your complaint on social media for wider reach | |
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The Telegram & WhatsApp task fraud is very well known because of the large stakes and the large number of victims.
The modus operandi of the scam is that the criminals lure the victims through WhatsApp and Telegram. Initially, the victims are asked to invest smaller amounts ranging from ₹1,000 to 10,000 on the pretext that they would earn ₹1,000 to 5,000 per day as a profit. The victims get small sums as reward which reinforces their confidence in the scheme.
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Thousands of victims have invested money ranging from ₹one lakh to 10 lakh or more, he said. When the victims ask for a return of their funds, they are blocked.
The HT reported that the Central Crime Branch (CCB) of the Bangalore Police busted a ₹854 crore cyber fraud scam and arrested six people who allegedly cheated thousands of victims across India on the pretext of an investment scheme.
The accused — Manoj, Panindra, Chakradhar, Shrinivas, Somashekar and Vashanth — are all residents of Bengaluru.
The three other accused, alleged to be the masterminds behind the fraud have been identified, police said, adding efforts are being made to apprehend them.
Out of the total cheated amount, ₹five crore had been frozen, police said, adding that in Bengaluru aloan, the victims were cheated of ₹49 lakh.
The investigation has revealed that 5,013 similar cases of cyber investment fraud have been registered across the country. Out of which, in Bangalore city aloan, 17 such cases have been registered at different police stations here.
“The cheated amount of ₹854 crore has been transacted by the accused to 84 different bank accounts. Out of the total cheated amount, ₹five crore has been frozen,” the Police Commissioner stated in a press conference.
The CCB had been working on the case for three months, police said, adding that using technical surveillance and other vital leads, they managed to track down the culprits.
The money invested by the victims was dumped into different bank accounts through online payments. However, after completing the investment process, when the victim tried to withdraw the amount, they never got any refund, the officer said.
Once the amount was collected, the accused diverted the consolidated money to mule accounts (related to money laundering).
The total amount of ₹854 crore was dumped into various online payment modes through crypto (Binance), payment gateway and gaming apps among others.
According to the police, the 84 bank accounts in which the cheated amount was transferred were opened in different states. Some of these accounts were opened using fake addresses and identities. They also used genuine bank accounts of some people and paid them commission for the same.
All the six accused arrested played different roles. Some of them were tasked to identify and approach their targets through WhatsApp and Telegram, while the job of others was to arrange bank accounts for depositing and transferring the cheated amount.
Several equipment like laptops, mobile phones, printers, and swiping machines were recovered from the accused
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