Gurgaon: Police have arrested one more accused in lithium trading scam, in which fraudsters offered high returns after seeking an investment of Rs 1 crore. He was arrested from Narmadapuram in Madhya Pradesh on Saturday. Around Rs 1.5 lakh was also recovered from the possession of Umashankar Vishwakarma.On October 22, a resident of Manesar was lured into investing over Rs 1 crore and offered huge returns from lithium trade.Most cybercriminals now have a database of targets. In this case, they wanted to target someone who is into investments, said ACP (cyber crime) Vipin Ahlawat.He explained that in such cases, scammers first contact people by offering them huge returns through online advertisements, phone calls, or emails. They then produce fabricated data, market trends, and fake success stories to build trust and promise huge returns.They provide a portal link to their victims and ask them to invest in certain proportions. The money goes directly to the bank accounts of scammers. They also charge a commission. In this case, around Rs 50,000 to Rs 1 lakh were found in the accuseds two different bank accounts, he added.Once they receive the amount, they claim the trading is active by showing false updates and fake returns, when no actual trading occurs. Moreover, the scammers also control a bank account to receive the invested funds. They appoint an associate to manage these accounts and pay them a commission.Earlier, Mohammad Maj and Saeed Mujmil were arrested from Gurgaons Palam Vihar and Bengaluru, respectively. All three have been booked for fraud.The police are, meanwhile, trying to find out if there are any other accomplices.We also published the following articles recentlyIsrael-Hamas war: Scammers using fake emails, websites for charityHackers are capitalizing on the Israeli-Hamas conflict by sending scam emails and creating fraudulent websites to steal money. Cybersecurity company Kaspersky has identified over 500 scam emails and fake charity websites seeking donations for those affected by the war. Scammers are impersonating charitable organizations and using emotional language to entice users to click on scam links. To avoid falling into their trap, users should scrutinize donation pages for essential information and be cautious on social media, as a friends like or share does not guarantee legitimacy.Keep monitoring your bank accounts to prevent cyber fraudsTo prevent cyber fraud in digital banking, regularly review bank account activity, use mobile banking apps for real-time alerts, set up account alerts for specific transaction types, and promptly report suspicious activity to the bank. These proactive measures will help protect your finances from cyber criminals in the digital age.Hindujas expect returns from 1.3 billion pound investment on trophy asset OWO in next 5-6 yrsThe Hinduja family expects to see returns from their 1.3 billion pound investment in the Old War Office (OWO) in London within 5 to 6 years. The OWO has been transformed into a luxury hotel, Raffles London, along with restaurants and private residences. The Hinduja Group chairman, Sanjay Hinduja, stated that the investment is about leaving a legacy and creating something in London. The property includes 85 apartment residences, and sales are expected to generate significant returns. The Hindujas are also open to similar opportunities outside of the UK, such as in Paris.

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