The case is one of 10 ‘mega frauds’ being investigated by detectives
City of London police are investigating 10 huge frauds with losses totalling half a billion pounds including an alleged scam involving the hijacking of a ship.
The cases are among 708 major live inquiries being conducted by detectives after an explosion of online fraud across the UK.
City police Commissioner Ian Dyson said Action Fraud, the national fraud reporting body, was now receiving about 40,000 reports of scams every month.
He revealed how the biggest 10 cases involve 4,580 victims across the UK.
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