Sun Sep 08 12:18:10 UTC 2024: ## Assam Police Probe Rs. 2200 Crore Cyber Fraud, CM Warns of Fake Investment Schemes

Guwahati, Assam: Assam has fallen victim to a massive cyber fraud, with reports revealing losses exceeding Rs. 2200 crore. This revelation comes as the state government steps up efforts to combat burgeoning cybercrime.

Chief Minister Himanta Biswa Sarma, expressing serious concern over the incident, confirmed that police investigations are underway. He urged citizens to exercise caution when dealing with investment brokers operating outside legal frameworks. The CM’s warning comes amidst reports of numerous fake trading firms operating in Assam, flagrantly disregarding guidelines set by SEBI and RBI. These fraudulent entities have reportedly defrauded numerous individuals, including some who have lost crores of rupees.

“There is no system in place where these online trading firms have invested the money,” stated CM Sarma, emphasizing the deceptive nature of these scams. He asserted that these criminal elements are operating illegally and face swift police action. “We will expose the entire racket operating in the state,” he declared.

In a significant move, police have arrested an individual suspected of running an investment network. Meanwhile, cyber security experts and authorities are continuously highlighting the dangers of online scams, emphasizing the need for vigilance against fraudulent investment schemes promising high returns.

The government and law enforcement agencies are collaborating to investigate and prosecute perpetrators of these cyber crimes, working to protect citizens from financial loss. The public is advised to be vigilant against suspicious online activities and to report any potential scams to the authorities.

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