Jammu, Nov. 16 -- Police recovered over Rs 2.27 crore after busting a multi-state cyber fraud and identifying 13 accused, an official said on Saturday.

The breakthrough was achieved following registration of a case by Khalid Hassan, a resident of Dalpatian Mohalla at the Nagrota police station here on November 10, a police spokesman said.

According to Hassan, he received a call on April 8 from his brother, Sajid Hassan, who sought an urgent amount of Rs 54 lakh. Acting on the request, the complainant obtained a Rs 54 lakh loan from the J&K Bank. However, on November 10, he was informed by his brother that over Rs 2 crore, including the loan amount, which he had invested through the ICICI Securities application, had been fraudulently wit...