International Cyber Fraud Network Busted in Jaipur, IIT Student Among Arrested

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Three Arrested in International Cyber Fraud Network Bust

A recent crackdown by Gurugram Cyber Police has led to the arrest of three individuals, including an IIT student, for their involvement in an international cyber fraud network operating from Jaipur, Rajasthan.

Modus Operandi

According to authorities, the suspects would purchase and operate bank accounts on behalf of overseas cybercriminals, earning a 30% commission on the fraudulent proceeds. The remaining amount was then laundered through the use of USDT cryptocurrency and transferred to foreign networks.

According to authorities, the suspects would purchase and operate bank accounts on behalf of overseas cybercriminals, earning a 30% commission on the fraudulent proceeds.

Investigation and Seizure

The investigation revealed that the operation was highly organized, with online platforms being utilized to arrange new accounts. The accused individuals, identified as Saurabh Kumar Meena, Abhishek Bishnoi, and Laxman, were found to be working as facilitators for overseas cyber fraudsters, opening accounts in their own names and those of others, and handing them over to foreign networks in exchange for a commission.

A search of the accused yielded a significant seizure of fraud tools, including 11 mobile phones, 40 SIM cards, 43 ATM cards, 15 bank passbooks, and 7 cheque books. These devices and documents were used to conduct fraudulent transactions and manage the network’s financial operations.

Interrogation and Custody

Preliminary interrogation revealed that the accused were in contact with cybercrime operatives based abroad, who would instruct them on how to convert the fraudulent funds into cryptocurrency and forward them through multiple channels to obscure the source of the funds.

Two of the accused have been remanded to judicial custody, while the main accused, Saurabh Kumar Meena, is being further questioned after being taken into police custody for two days.

Warning and Investigation

The police have urged the public to exercise caution when sending money online and to report any suspicious activity to the cyber helpline immediately. The investigation is ongoing, with efforts to identify other members of the network and trace the main operators based overseas. Further arrests are possible as the probe progresses.

Conclusion

The case highlights the need for increased vigilance and cooperation between law enforcement agencies to combat the growing threat of international cybercrime. As the investigation continues, it remains to be seen how the authorities will work to dismantle the network and bring the perpetrators to justice.