Chandigarh’s Biggest Cyber Scam

Chandigarh’s Biggest Cyber Fraud: Ex-Colonel Under House Arrest for 12 Days, Accused of Multi-Crore Scam
In a major crackdown on cyber fraud, the Enforcement Directorate (ED) has placed a retired Colonel under house arrest for 12 days in connection with Chandigarh’s largest cyber scam. The accused is allegedly involved in a multi-crore financial fraud, tricking people through sophisticated cybercrime tactics. Authorities believe that the scam was executed with meticulous planning, targeting numerous victims across the country.

The investigation unfolded after multiple complaints surfaced regarding fraudulent transactions siphoning off large sums from unsuspecting victims. The ED, upon tracing the money trail, discovered the involvement of the former Army officer, who allegedly used his influence and knowledge of security loopholes to orchestrate the fraud. Sources indicate that the scam revolved around fake investment schemes, digital payment manipulations, and identity theft.

According to reports, the accused and his associates posed as officials from financial institutions, luring victims into sharing sensitive banking details under the pretext of high-return investments. The fraudulent operation reportedly extended across multiple states, making it one of the most extensive cyber scams in Chandigarh’s history. Officials revealed that the accused had employed sophisticated technology to bypass detection for months.

During the arrest, officials seized electronic devices, hard drives, and documents that pointed towards the large-scale fraud. Preliminary investigations estimate the scam to be worth several crores, with investigators still assessing the full extent of the financial damage. Meanwhile, the ED is also looking into possible international links, as some of the transactions were routed through foreign accounts.

Authorities have urged citizens to be cautious while dealing with online financial transactions and to verify investment opportunities before sharing personal information. The case has once again highlighted the growing threat of cybercrime in India and the need for stringent monitoring and preventive measures to curb such activities.

The retired Colonel is currently under house arrest, with further investigations underway. The ED is expected to interrogate him regarding his network, financial dealings, and potential accomplices. This case serves as a stark reminder of how even highly ranked officials can be implicated in financial crimes, exploiting their positions for personal gains.

Chandigarh police and central agencies continue to work on dismantling cybercrime syndicates, ensuring that those responsible for such large-scale frauds face strict legal action. The case is being closely monitored, with authorities confident that further arrests will be made in connection with the scam.