Dhanbad, Dec. 22 -- Police on Monday claimed to have busted a major cyber fraud racket operating within Jharkhand and other states, arresting five accused and freezing 53 bank accounts linked to fraudulent transactions during a crackdown on OTP-based scams, fake loan offers, and phishing operations in Dhanbad, officials said.

Addressing a press conference at his office, City SP Ritwik Srivastava said, "The arrested cybercriminals were involved in cheating victims through SIM swapping, fake customer care numbers, phishing links, and fraudulent loan applications. They used cloned APK files and manipulated OTP systems to gain access to bank accounts and payment wallets."

According to the police, the gang lured unsuspecting victims using Wh...