Digital arrest: Uttarakhand STF busts cybercrime racket, arrests main accused in Bengaluru
Dehradun (PTI): Uttarakhand Special Task Force (STF) has busted a cybercrime racket by arresting the main accused from Bengaluru, an official said.
The prime accused has been identified as Kiran Kumar K S (31), a resident of Yelahanka, Bengaluru.
Kiran and his associate defrauded various people in Uttarakhand through digital arrest, the official said on Thursday.
STF Senior Superintendent of Police (SSP) Navneet Singh said that the gang was exposed during an investigation into a case in which cybercriminals defrauded people in Dehradun and Nainital districts of Rs 87 lakh by posing as law enforcement officers.
He said that the gang, posing as officers of the Greater Mumbai police force and the CBI, kept the victims under digital arrest for approximately 48 hours through video and voice calls on WhatsApp.
Singh stated that 24 complaints have been filed in various states across the country against the bank account used by the accused in the fraud, and suspicious transactions amounting to over ₹9 crore were found to have been made using the account.
He stated that a Dehradun resident had filed a complaint alleging that in August-September this year, unknown individuals digitally arrested him and forced him to deposit Rs 59 lakh online into various bank accounts.
Investigation revealed that Rs 41 lakh of the Rs 59 lakh was transferred on August 30 to a Yes Bank account in the name of Rajeshwari GAK Enterprises.
Its address was found to be in Bengaluru, while the mobile number associated with the account was found to be registered in the name of Kiran Kumar.
Kiran Kumar was subsequently interrogated in Bengaluru and, based on evidence recovered from him, including bank documents, a mobile phone, the SIM card used in the crime, and a laptop, he was arrested.
The investigation also revealed that Kiran Kumar has previously been booked in several cases at the Delhi and Kumaon Cyber Police Stations, as well as in other states across the country.
In addition, Rajeshwari Rani (40), an account holder of the controversial firm Rajeshwari GAK Enterprises, has also been served a notice under Section 35(3) of the Bharatiya Nyaya Sanhita.
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Stock market mayhem wipes out Rs 12.87 lakh cr from investors' wealth
New Delhi (PTI): Equity investors' wealth eroded by Rs 12.87 lakh crore on Thursday as stock markets went into a tailspin, with the benchmark Sensex plunging over 3 per cent, pressured by a spike in crude oil prices due to increasing attacks on energy infrastructure in West Asia.
Investors have lost over Rs 37 lakh crore since the West Asia crisis erupted on February 28.
Snapping its three-day winning run, the 30-share BSE Sensex tanked 2,496.89 points or 3.26 per cent - its biggest single-day plunge since June 2024 -- to settle at 74,207.24, a level not seen since April 7, 2025. During the day, it dived 2,753.18 points or 3.58 per cent to 73,950.95.
The market capitalisation of BSE-listed companies dived sharply by Rs 12,87,273.89 crore to Rs 4,26,13,557.95 crore (USD 4.61 trillion) in a single day.
"Indian equity markets witnessed a sharp reversal today, breaking their three-day recovery rally and closing significantly lower, with benchmark indices declining by nearly 3.3 per cent.
"The sell-off was largely driven by a fresh escalation in geopolitical tensions in the Middle East, where renewed strikes between Israel and Iran targeting critical oil and LNG infrastructure have reignited concerns over global energy supply disruptions," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.
Brent crude, the global oil benchmark, soared 6.21 per cent to USD 114 per barrel.
"The sharp rise in crude oil prices, driven by escalating tensions in the Middle East and concerns over supply disruptions, pushed prices closer to the USD 119 mark, adding to the negative sentiment. Furthermore, a hawkish stance from the US Federal Reserve, along with continued foreign institutional investor outflows, weighed heavily on market sentiment," Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
From the 30-Sensex firms, Eternal, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, Larsen & Toubro and InterGlobe Aviation were among the major laggards.
HDFC Bank dropped 5.13 per cent after its chairman, Atanu Chakraborty, resigned, citing ethical concerns.
BSE MidCap Select index tumbled 3.34 per cent and SmallCap Select index dropped 2.77 per cent.
All sectoral indices ended lower. Auto dived 4.07 per cent, followed by realty (3.79 per cent), financial services (3.66 per cent), consumer discretionary (3.62 per cent), BSE Top 10 Banks (3.53 per cent), industrials (3.49 per cent), services (3.44 per cent), BSE Focused IT (3.41 per cent) and consumer durables (3.38 per cent).
A total of 3,192 stocks declined, while 1,051 advanced and 161 remained unchanged on the BSE.
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