Rs 700 crore investment fraud run by Chinese handlers busted in Hyderabad

HYDERABAD: An over Rs 700-crore investment-cum-part-time job fraud run by Chinese handlers with alleged links to the Lebanon-based Hezbollah terror group was unearthed by the cybercrime wing of Hyderabad police on Saturday. The terror funding tip-off came from a crypto agency, which flagged suspicious bitcoin credits in wallets of the terror group, said police.

Thousands of people across the country were scammed for over a year by conmen, who executed task-based investment-cum-part-time job frauds and offered handsome returns for simple tasks of liking Youtube videos or writing Google reviews.