Moradabad Cyber Fraud: Funds Diverted to 108 Accounts Across Five States
Law enforcement authorities are investigating a cyber fraud case where ₹6,15,300 was distributed across 108 accounts in five Indian states.
The Moradabad Cyber Fraud Case
Rashid Ali, a resident of Faridpur Hamir, reported unauthorized transactions to the cyber police on September 1, 2026, after discovering ₹6,15,300 had been transferred from his accounts between August 6 and August 24.
The Incident
Ali confirmed he had not received any mobile notifications or shared One-Time Passwords (OTPs) during the period, yet the funds were systematically transferred to multiple accounts.
Investigation Details
Investigators revealed the stolen amount was fragmented into smaller transactions, including sums of ₹10,000, ₹5,000, and ₹2,000, distributed across 108 accounts in Uttar Pradesh, Bihar, Jharkhand, Rajasthan, and Delhi.
Authorities suspect this method was employed to obscure the money’s movement and complicate tracking efforts.
The LIC Officer’s Fraud Case
A 73-year-old retired Life Insurance Corporation (LIC) officer and his spouse lost ₹27 lakh after being deceived by fraudsters impersonating Mumbai Crime Branch officials.
Fraud Tactics
Fraudsters claimed an account had been opened in the officer’s name using his Aadhaar number and that ₹2 crore had been transferred to Pakistan. They conducted video calls to monitor the couple and coerced them into transferring ₹27 lakh over four days.
Financial Trail
The stolen funds initially passed through accounts in Lucknow and Varanasi before being withdrawn from ATMs in Jaisalmer, Rajasthan. Authorities have relocated to Jaisalmer to trace individuals involved in the ATM transactions.
Conclusion
Both cases highlight evolving tactics by cybercriminals to exploit digital banking systems and evade detection. Law enforcement agencies continue to analyze forensic data and collaborate with financial institutions to recover illicitly obtained funds and apprehend those responsible.
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