India Busts Interstate Cyber Fraud Racket, Rs 14.87 Crores Seized, 9 Held
Systematic Exploitation of Vulnerable Accounts
High-Volume Seizures and Portal Complaints
During the raids conducted by the authorities, substantial evidence was seized, including 347 bank passbooks, 177 ATM cards, 22 identification documents, 10 mobile phones, and ₹20,290 in cash. Three motorcycles were also confiscated. Furthermore, 46 bank accounts were found to be directly associated with the racket, with 17 accounts having multiple complaints lodged against them.
According to Professor Triveni Singh, a former IPS officer and cybercrime expert, “These networks have evolved into a hybrid cyber ecosystem, integrating social engineering, fake identities, and digital manipulation to create a sophisticated end-to-end fraud supply chain.”
Ongoing Investigation and Future Prospects
The investigation continues, and authorities expect additional arrests and revelations as the probe expands beyond state borders. The investigation aims to uncover the origin and beneficiaries of the frozen ₹14.87 crore, thereby dismantling the larger syndicate responsible for the illicit activities.
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