Fri Jan 23 15:02:01 UTC 2026: # Cyberabad Police Crack Down on Trading and Digital Arrest Fraud, Recover ₹1.06 Crore
The Story:
Cyberabad police announced the arrest of 23 cyber criminals across multiple states between January 16 and January 22, 2026. The arrests stem from 14 different cases, primarily involving trading-related frauds, digital arrest scams, and part-time job frauds. In a significant development, the police secured 354 refund orders from courts in 70 cases, facilitating refunds totaling ₹1.06 crore to the affected complainants.
A major case involved an online trading and IPO investment fraud where a victim lost ₹2.90 crore through a fake trading application named “Alpha Alliance Investment Club.” Another significant case was a “digital arrest” scam where a 74-year-old woman was cheated of ₹56.50 lakh.
Key Points:
- 23 cyber criminals arrested between January 16 and January 22, 2026.
- Arrests linked to 14 cases, primarily trading fraud (11 arrests in 6 cases) and digital arrest fraud (5 arrests in 3 cases).
- Police secured 354 refund orders, recovering ₹1.06 crore for victims.
- A victim lost ₹2.90 crore in an online trading fraud through a fake app, “Alpha Alliance Investment Club.”
- A 74-year-old woman was defrauded of ₹56.50 lakh in a “digital arrest” scam.
- Two individuals each from Andhra Pradesh were arrested for providing bank accounts to route illicit funds in the trading fraud case and the digital arrest fraud case.
Key Takeaways:
- Online trading and investment scams, particularly those using fake applications and promising guaranteed returns, are a growing threat.
- “Digital arrest” scams targeting vulnerable populations remain a significant concern.
- Cyberabad police are actively pursuing cyber criminals and recovering funds for victims.
- The use of fraudulently obtained bank accounts from accomplices remains a common element in these scams.
- Inter-state cooperation is essential to combating cybercrime, as criminals operate across different regions.
First Piper 