Cases of financial fraud on rise: Police

With a spate of the cases related to financial and economic fraud, the national capital registered over 1,294 cases till June 2017. The police on an average receive over seven such cases pertaining to financial fraud or property conflict related cases.

According to the Delhi police data, 2014 bagged 2,691 cases related to financial and economic fraud, in 2015 the figure was 4,025 while in 2016, a total of 3,403 cases were registered.

The data further shows that in 2014, a total of 945 accused were arrested, in 2015 the figure was 843 while in 2016, it was 807. This year, 204 miscreants landed in cop net.

A senior police official said that they have launched a website which reveals 13 types of cyber crimes — email frauds, social media crimes, mobile app crimes, business email compromise, data theft, ransomware, net banking/ATM Frauds, fake calls, insurance, lottery scam, Bitcoin, cheating, and online transactions frauds.

The Delhi Cyber Crime has launched a website which enables victims to not only lodge complaints but also receive information on the same.

Meanwhile, the Delhi police has reported that an FIR has been registered on January 28, 2017, under Section 406 IPC & 4 of The Prize Chits and Money Circulation Schemes (Banning) Act 1978 at Geeta Colony police station on the allegation of fraud by a finance company. During the course of the investigation, notices were sent to many banks.