Gujarat Police Crack Down On Multi-Crore Rupee Scam Using Fake Accounts
Cyber Fraud Network Uncovered
The Gujarat Police has cracked down on a Rs 77 crore cyber fraud network involving 375 cases across India.
Key Findings:
- 16 people arrested from multiple locations, including Vadodara, Palanpur, and Goa
- 9 arrests in Goa, 5 in Vadodara, and 2 in Palanpur
- 260 bank account details found on accused’s mobile devices
- 3 shell companies created to facilitate mule account operations
- No sophisticated hacking techniques used, but rather bank accounts opened in someone else’s name
Investigation Reveals:
The money moving through the network originated from online gaming scams, investment schemes, phishing, and fake calls.
According to investigators, the accused closely tracked both their operations and the movement of proceeds.
Technical analysis of the seized devices revealed bank credentials, transaction histories, and records of cyber-fraud complaints.
Raid Results:
- 15 laptops seized
- 85 mobile phones seized
- 19 chequebooks seized
- 82 passbooks seized
- 126 SIM cards seized
- 115 debit cards seized
- Routers, pen drives, and blank cheques also seized
Warning:
The case serves as a warning about the growing sophistication of organized cybercrime and the ease with which personal banking and identity details can be misused.
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