Fake Franchise Scam Leads to ₹1 Crore Fraud (Lucknow)
Fake Franchise Scam Leads to ₹1 Crore Fraud (Lucknow)
Rahul Kumar, 33, of Patna, was detained by the city’s Cyber Crime Police on Sunday for his involvement in a ₹1 crore franchise scheme that used bogus websites to defraud people out of significant sums of money by posing as a vehicle dealership.
“The gang targeted individuals looking for franchise opportunities by creating bogus websites of well-known businesses and promoting them on social media and search engines. Under the guise of registration and security deposits, the scammers contacted their targets and persuaded them to pay large quantities of money. To evade detection, the funds were transferred between several accounts and taken out,” stated Brijesh Yadav, SHO of the Cyber Police Station.
A complainant reported being defrauded on July 19 after applying for a job at a car dealership via a website that seemed authentic. In several trades, he paid more than ₹1 crore. “Based on his complaint, a case was filed at the Cyber Crime Police Station under the applicable sections of the Bharatiya Nyaya Sanhita and Section 66D of the Information Technology Act,” he stated.
Rahul Kumar (33), a Patna resident, was located and taken into custody on Saturday by a special squad under the direction of Inspector in Charge Brijesh Kumar Yadav.
Police claim that Rahul was formerly employed as a cleaner in an educational facility and was experiencing financial difficulties as a result of his wife’s illness.
He claimed that Nitish, who gave him money to open bank accounts, introduced him to the group. Subsequently, two further colleagues from the Nawada region, Abhay and Jitendra, created bank accounts using his Aadhaar and PAN information in order to transfer illicit cash. Rahul acknowledged that he had signed multiple checks at their request.
In addition to recovering a cell phone from the defendant, police are tracking down additional gang members who may have been engaged in the operation.
About the Author:
Yogesh Naager is a content marketer who specializes in the cybersecurity and B2B space. Besides writing for the News4Hackers blogs, he also writes for brands including Craw Security, Bytecode Security, and NASSCOM.
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