Cybercriminals Arrested in Ghaziabad and ₹25 Lakh in Cash Seized
6 cybercrime perpetrators were caught by the special task force, and a huge amount was confiscated from them.”
Uttar Pradesh’s Special Task Force (STF) has discovered what authorities say is a sophisticated cybercrime network. In addition to recovering ₹25.6 lakh in cash, five fraudulent Aadhaar cards, and eight cell phones, the operation resulted in the arrest of six persons.
According to investigators, the ring operated out of Bihar with assistance from two bank workers who reportedly gave the scammers access to the customers’ identifying information (KYC). The group is suspected of opening almost 100 bank accounts under false pretenses, which were subsequently used to transfer funds from hawala transactions and internet scams.
Violations of the Banking System
Investigators said that the organization used investment schemes, online gaming apps, and alluring incentives to entice victims. Victims’ money was transferred into the fictitious accounts, where it was subsequently converted into cash through a series of intricate operations.
The network, according to officials, was spread throughout multiple states and frequently used digital wallets and cryptocurrencies to hide its money trail.
The Relationship with Bihar
One of those detained is from Bulandshahr in Uttar Pradesh, and the other five are from Bihar. A few of the group’s members have served jail time in related fraud instances in the past.
Expert Concerns
Renowned cybercrime specialist and former IPS officer Professor Triveni Singh said that the case demonstrates the extent to which cybercriminals are encroaching on India’s financial system.
Professor Triveni Singh, Cybercrime Expert, Former IPS Officer
| “The threat increases significantly when bank workers start selling or leaking consumer information. This is a direct attack on digital trust and financial security, not just fraud.”
“Banks must strengthen internal controls and ensure accountability among staff, or such crimes will only continue to grow,” he continued, adding that apprehending gangs is insufficient. |
The Road Ahead
The larger network of accounts and online transactions connected to the racket is being tracked by the STF. The money confiscated during the investigation may not even come close to the actual amounts laundered, according to officials.
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Suraj Koli is a content specialist in technical writing about cybersecurity & information security. He has written many amazing articles related to cybersecurity concepts, with the latest trends in cyber awareness and ethical hacking. Find out more about “Him.”
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