Basti Cyber Crime Unit Arrests Suspect in CEO Impersonation Scam Network

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Basti Cyber Police Arrest Accused in CEO Impersonation Fraud Network A cybercrime investigation in Uttar Pradesh’s Basti district led to the arrest of an individual linked to a large-scale fraud scheme involving deceptive practices targeting financial institutions.

Investigation and Arrest

The cybercrime investigation in Uttar Pradesh’s Basti district led to the arrest of an individual linked to a large-scale fraud scheme involving deceptive practices targeting financial institutions. The operation, conducted by local cybercrime authorities, uncovered a network allegedly responsible for siphoning substantial sums through fraudulent transactions.

Case Origin

The case originated from a reported incident where a ₹20.66 lakh online payment for gold coins was blocked, prompting an investigation.

Operation Details

During the probe, law enforcement identified and detained a suspect who admitted to orchestrating financial theft by exploiting fake corporate identities. The accused was apprehended on June 30 following a coordinated effort by cybercrime units.

Fraudulent Activities

Investigators revealed that the gang utilized altered Aadhaar card details to establish bank accounts, which were then used to create fictitious corporate profiles. Members of the group allegedly contacted bank officials, posing as executives traveling abroad, and directed transfers of funds via NEFT or RTGS to accounts controlled by the perpetrators.

Funds Disbursement

Once accessed, the stolen money was withdrawn through cheques, ATMs, and UPI transactions. In instances where immediate cash withdrawal was not feasible, the funds were used to purchase gold coins through online platforms.

Arrest of Atul Mishra

The arrested individual, identified as Atul Mishra, confessed to the scheme during interrogation. Three other suspects from Gonda district had been previously detained in connection with the same case.

Ongoing Investigation

Authorities are currently expanding the investigation to trace additional members of the network and assess the scope of their activities across multiple states. The cybercrime unit involved in the arrest has been officially acknowledged in the investigation report.