Hyderabad: Hyderabad cybercrime police, who are probing the investment fraud in which Rs 702 cr has been looted, learnt to have detained another accused from Mumbai. He is said to be a close associate of the kingpins Prakash and Prajapati, the police said.
Along with Prakash, police have already arrested nine persons and found that the proceeds from the money looted from Indians are being transferred to crypto wallets associated with Hezbollah, an international terror module.
The arrested accused would convert the money in Prakash’s account to crypto currency and transferred them to crypto wallets being operated by Prakash’s associates in Dubai.
It was then transferred to crypto wallets in China and also those associated with Hezbollah, police said. About 748 complaints are registered against this gang across the country and around 133 are from Telangana. 50 FIRs are also registered and under investigation here. The gang is operated by Chinese nationals, the police said.
