<ul><li>A class XII passout and self-taught cybergeek has been arrested from Vishakhapatnam in a multi-crore cyberfraud that defrauded Indian citizens.</li><li>Shrinivas Rao Dadi was nabbed from a five-star hotel, where he had been hiding, and had been generating a turnover of anywhere between Rs 3 crore to 5 crore every day out of deceiving citizens.</li><li>Fraudsters posed as police officers and tricked victims, mostly women, into giving their bank account details, which were then used to empty their accounts.</li><li>Investigators said Dadi had been converting money that was defrauded from Indian citizens into cryptocurrency and transferring it to Chinese nationals.</li></ul>

Self-taught cybergeek arrested, who was making Rs 3 crore a day from scams

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