Chikkamagaluru, July 18 -- A major cyber fraud racket that allegedly exploited the poverty and innocence of daily wage earners by using their bank accounts to route crores of rupees has come to light in Karnataka's Chikkamagaluru district.

Investigators have found that huge sums of money were transferred through the accounts of auto drivers, homemakers and civic workers after they were lured with promises of easy loans and monthly financial assistance.

According to police, the racket primarily targeted poor families in Shankarpura locality. The accused allegedly convinced victims to open bank accounts by promising that they would receive Rs 1,000 every month and become eligible for easy bank loans.

After collecting Aadhaar and PAN deta...