Key Points
Hyderabad cybercrime police have exposed a massive Rs 712 crore investment fraud, with Chinese handlers at the helm..
As per a ToI report, the breakthrough came when the Chinese fraudsters failed to erase data from one of the phones belonging to Prakash Prajapati, an Indian associate of the criminals, as the phone was in flight mode...
Prakash's troubles began when he was apprehended by the police at an airport, carrying two phones..
However, police managed to analyze the other phone, uncovering crucial communication and bank account details, leading to the staggering revelation of the Rs 712 crore fraud..
The investigation is ongoing, and authorities suspect there may be more Indians like Prakash involved in aiding Chinese nationals in arranging bank accounts for similar fraudulent schemes..
