Cyber Police Arrest Three in ₹2 Crore WhatsApp Boss Scam Fraud
Chandigarh: Law enforcement authorities have apprehended three additional individuals in connection with a cyber fraud scheme that allegedly siphoned approximately ₹2 crore from a corporate bank account.
The Incident
The incident involved a sophisticated impersonation tactic where perpetrators falsely represented themselves as the company’s managing director, coercing an employee into initiating a financial transfer. According to investigative reports, the fraudsters directed the accounts officer to remit funds to a bank account registered in Noida, Uttar Pradesh. The employee, misled into believing the instruction originated from a senior executive, executed the transaction. Subsequent analysis suggests the stolen funds were routed through multiple bank accounts to obscure their origin and distribute the proceeds among conspirators.
The Suspects
During the probe, three suspects were detained. One individual is accused of facilitating the fraud by offering his bank account, obtained through intermediaries, to receive a portion of the illicit funds. Approximately ₹3 lakh was credited to this account, which the accused allegedly withdrew via cheque and surrendered to the perpetrators in exchange for a commission. A second suspect is alleged to have acted as a facilitator, connecting the first accused to the fraudulent network. This individual reportedly arranged the account for receiving stolen money and had previously been linked to another cybercrime involving similar tactics. The funds in that case were also transferred to the fraudsters in return for compensation. The third arrested individual is accused of acquiring a bank account through the intermediary and supplying it to the criminal group. Investigators claim this person also managed communication between the account holder and the fraudsters. This suspect had a prior history of providing accounts for cyber fraud schemes, with funds subsequently transferred to the perpetrators.
Investigation Progress
Two other individuals were previously detained on August 17 as part of the investigation into the beneficiary account and the corporate entity allegedly used in the transactions. The latest arrests have provided investigators with new information regarding the financial networks involved in the scheme. The probe is now centered on tracing the ultimate destination of the stolen funds and identifying the final recipients. Authorities are reviewing bank statements, digital communication records, and transaction logs to map the flow of money and uncover additional participants. Investigators are also examining the layered account structures used to launder the proceeds. Preliminary findings indicate the funds may have passed through multiple accounts before reaching the masterminds of the operation. Authorities are assessing whether the same network has
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