Chennai Cyber Crime: Man Arrested for Cheating Resident of Rs 22 Lakh in Online Trading Fraud
Chennai police arrest a 55-year-old man for duping a chennai resident of Rs 22 lakh through fake sports betting and trading websites. Learn how the scam unfolded and how cybercrime units are cracking down on such frauds in Chennai.
Chennai Man Duped of Rs 22 Lakh in Online Trading Scam; Accused Arrested
A 55-year-old man from Uthandi, Chennai, was arrested by the North Zone Cyber Crime Police for cheating a Chennai city resident, Dillibabu (35) of Sembium, out of Rs 22 lakh through a fake online trading and sports betting scheme.
How the Scam Happened:
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Dillibabu met the accused, O Muthumanickam, on a chatting app earlier this year.
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The accused convinced Dillibabu that he could earn huge profits by investing in online trading and sports betting platforms, including Spreadex.
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Trusting these promises, Dillibabu transferred Rs 18.52 lakh from his own bank account and Rs 4.2 lakh from his mother’s account to the accused.
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After the money was sent, Dillibabu received neither the promised returns nor his invested amount.
Police Investigation and Arrest:
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Dillibabu filed a complaint after realizing he had been cheated.
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The North Zone cyber crime team traced the accused to Uthandi along East Coast Road.
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O Muthumanickam was arrested, produced before a magistrate, and remanded in judicial custody.
Chennai’s Ongoing Fight Against Cyber Fraud:
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This case is part of a growing trend of cyber scams in Chennai, where criminals lure victims with promises of high returns through fake trading, betting, or investment platforms.
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Chennai police have recently cracked down on several similar scams, recovering crores for victims and arresting multiple suspects across the city.
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Authorities urge the public to be cautious, verify investment opportunities, and report suspicious activities to the cybercrime helpline (1930).
Key Takeaways:
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Never trust strangers online who promise quick or high returns.
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Always verify the legitimacy of trading or betting platforms before investing.
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If you suspect fraud, contact the Chennai Cyber Crime Police immediately.
Stay alert and protect your money—Chennai police are actively working to stop cyber scams, but public awareness is the best first line of defense.
