Chennai native detained for scamming Rs 1.8 cr via mobile investment app – The New Indian Express
THOOTHUKUDI: Thoothukudi Cyber Crime Police have arrested a 28-year-old Chennai native for allegedly deceiving people out of Rs 1.8 crore through a fraudulent mobile application, “Tata Investment App”. The suspect has been identified as S Roshan. Sources said inquiries with him revealed that Uttam, from Nepal, was the kingpin of the scam.
No less than 13 people had filed a complaint against the application with the cybercrime police. They had invested a total of Rs 37.18 lakh in the app and received no returns. D Iswarya of Muthaiapuram, one of the plaintiffs, alone lost Rs 24 lakh. Police said the number of complaints could increase significantly as transactions of Rs 1.8 crore took place in the suspects’ bank accounts between July and August 2021. The money was then transferred to multiple accounts.
The cybercrime detectives’ investigation of the complaints first led them to the bank account of KB Sankar of Thiruvanmayur in Chennai. “Although Sankar died two years ago, investigations revealed that his son Roshan used his father’s bank account to deceive the public through the scam app,” police said.
Cybercrime Inspector Sivasankaran told TNIE that Roshan met Uttam in the Philippines two years ago. “Uttam was operating the app, and through doubling up ads, they deceived many. Based on Roshan’s confession, Uttam, who is currently in hiding in the Philippines, was added as a suspect in the case. At least 60 people are involved in this cheating network. They operate the app from different locations and continue to transfer money. We are waiting for IP logs from private banks. I call all victims of this application to come forward and file a complaint,” he urged.
The suspects were arrested under Sections 419 and 429 of the Indian Penal Code and Section 66D of the Information Technology Act. Roshan was incarcerated in the Perurani District Jail.