Team Goemkarponn
PANAJI: In a high-value cyber fraud case, Kumar Utlasar, the owner of M/s Aurinko Diensten in Bengaluru, has been taken into custody by the Cyber Crime police.
Details supplied by the investigative team suggest that the accused’s bank account has been linked to cyber fraud activities throughout nine different states in India, with a cumulative value of Rs 2.3 crore associated with numerous fraudulent transactions.
“A major suspect based in Bangalore, Karnataka, was identified by investigators through technical and financial research. The owner of M/s Aurinko Diensten, the suspect Kumar Utlasar, had accepted fraudulent cash from the victim’s account straight into the company’s bank account before moving some of the money to other accounts,”said SP Cyber Crime
According to the Cyber Crime Cell, he transferred Rs 6 lakh to his personal account and used it for personal needs.
While looking into a FIR based on a complaint made by a Valpoi resident who was defrauded of around Rs 1.03 crores, the team focused on the accused.
According to the FIR, before October 3, the complainant was approached via social media by someone using several WhatsApp numbers and others, who then added him to a group called the “A-33 High-Quality Stocks Exchange Group.”
Under false pretenses of large returns, he was duped into investing in upper circuit (UC) and initial public offering (IPO) stocks using the SMIFSMAX App. The victim discovered that he had been defrauded after transferring Rs 1,03,28,000 in several transactions across different bank accounts. The defendant has been placed under police custody on remand.
