India, Aug. 3 -- The cyber cell of the Pimpri-Chinchwad police has uncovered a major online fraud racket in which cybercriminals duped a local businessman of Rs.54.60 lakh by impersonating a well-known finance YouTuber. Five individuals have been arrested in connection with the case.

The accused have been identified as Poonam Jain and Ganesh Dhole, both residents of Madhya Pradesh, along with Rajesh Kushwah, Pradeep Kuma Ken, and Harshit Ghotan from Delhi.

According to Assistant Police Inspector Pravin Swami, the accused allowed their bank accounts to be used for laundering the defrauded funds, which were later converted into cryptocurrency (USDT) and transferred to cybercriminals based overseas.

Police said the victim had come across ...