India’s Multi-Million Rupee Crown Pay Scam Uncovered on Telegram, ₹67 Crores Stolen
Cybercrime Syndicate Dismantled by Law Enforcement
The Ghazipur Police’s Cyber Crime Cell has made significant strides in dismantling a multi-state cybercrime syndicate that allegedly swindled victims out of ₹67 crores.
Operation Details
The operation involved the use of fake bank accounts, cryptocurrency laundering, and social engineering tactics via messaging apps like Telegram.
Suspects and Evidence
Three key suspects, Rishiraj, Rohan Kumar, and Sachin Singh, were apprehended near Lanka Maidan, with the authorities recovering crucial evidence during the search, including 19 SIM cards, 12 ATM cards, five passbooks, one cheque book, five mobile phones, a company stamp and seal, and documentation related to Goods and Services Tax (GST) and Micro, Small and Medium Enterprises (MSME).
Interrogation Results
During interrogations, the accused revealed the inner workings of the syndicate. Victims were encouraged to open fake accounts using their Aadhaar, PAN, and photographs, with MSME certificates and current accounts being opened with GST numbers. Additionally, internet banking IDs, passwords, and cryptocurrency trading platforms were utilized for laundering purposes.
Earnings and Cryptocurrency
Expert analysis suggests that Sachin and Rohan individually earned ₹2.5 crore and ₹1.75 crore, respectively, with approximately 24 fake accounts being actively used in the scheme. Notably, each suspect maintained a separate identity on cryptocurrency platforms.
Expert Insights
Cybercrime experts have sounded alarm bells, emphasizing the need for heightened public vigilance and effective investigation to combat such crimes. Professor Triveni Singh, a renowned cybercrime expert and former IPS officer, stated, “Cyber gangs can easily siphon large sums using social engineering and fake accounts. Cases like these require not just technical investigation but also increased public awareness.”
Public Awareness
As the investigation continues, authorities are urging citizens to exercise extreme caution when accepting online investment or earning opportunities and to verify the authenticity of any claims before providing personal and banking information.