Police have also seized cheque books, ATM cards and multiple mobile phones from the arrested.
This picture has been used for representational purposes.
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Further interrogation of the accused revealed that an organized cybercrime syndicate was operating at the national level and they had so far succeeded in duping 225 victims of about Rs 13 crores, police informed.
The accused have reportedly been booked under Sections 419, 420, 465,467, 468, 471, 120B and 34 of the Indian Penal Code (IPC).
"The fraud was initiated by opening a bank account on forged or fake identity. After opening the accounts, the accused called various victims and convinced them to make investments in their fake plans and deposit money in those bank accounts," the police said in a statement. The case is being investigated further.
With inputs from PTI
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