📷 Image: Wikimedia Commons / Suyash Dwivedi
Technology
Ujjain Police Bust Inter-State Cyber Fraud Ring, Three B.Tech Graduates Arrested
🗓 19 Jun 2026, 08:31 AM
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Ujjain police have apprehended three B.Tech graduates involved in an inter-state cyber fraud racket. The accused used fake links to defraud victims, purchased gold with the stolen money, and invested the proceeds in cryptocurrency trading.
In a significant breakthrough, Ujjain police have dismantled an inter-state cyber fraud network with the arrest of three individuals, all B.Tech graduates. The operation targeted a sophisticated scheme where the accused employed fraudulent links to ensnare victims and siphon off their funds.
Investigations reveal a calculated modus operandi: the cybercriminals would use the illegally obtained money to purchase gold from bullion traders. Subsequently, this gold was sold, and the proceeds were funneled into cryptocurrency trading, suggesting a complex money laundering and investment strategy.
The police action highlights the evolving nature of cybercrime, with educated individuals now reportedly involved in such illicit activities. Further investigations are underway to uncover the full extent of the network and identify any potential accomplices.
Investigations reveal a calculated modus operandi: the cybercriminals would use the illegally obtained money to purchase gold from bullion traders. Subsequently, this gold was sold, and the proceeds were funneled into cryptocurrency trading, suggesting a complex money laundering and investment strategy.
The police action highlights the evolving nature of cybercrime, with educated individuals now reportedly involved in such illicit activities. Further investigations are underway to uncover the full extent of the network and identify any potential accomplices.