Kanpur Police File Charge Sheet in ₹58 Crore Digital Fraud Case
Kanpur Police have completed a 3,500-page legal document targeting eight individuals, including four bank employees, in a ₹58 crore digital fraud scheme.
Investigation Details
The investigation centers on a network of mule bank accounts used to obscure the flow of illicit funds. The charge sheet is anticipated to be submitted to the court within days, though two key suspects remain at large.
Case Origin and Breakthrough
The case originates from a reported ₹58 crore cyber fraud in Navi Mumbai in October 2025, where victims were targeted through digital arrest scams and deceptive investment opportunities promising high returns. Authorities revealed that stolen funds were transferred through multiple mule accounts to mask the identities of the ultimate beneficiaries. A breakthrough occurred when investigators traced ₹2.5 crore from the fraudulent proceeds to the bank account of Shubham Gaur. Subsequent analysis of financial records, digital evidence, and banking transactions uncovered a network of mule accounts.
Accused Individuals and Charge Sheet
Police allege that Rajveer Singh Yadav, a resident of Barra in Kanpur, orchestrated the scheme. He is accused of collaborating with Anchit Goyal, an associate based in Agra, to recruit bank officials in opening accounts under false names and addresses using a single mobile number. These accounts were allegedly used to receive, transfer, and conceal illicit funds. So far, eight individuals have been arrested, including branch managers, operations managers, deputy managers, and relationship managers from private sector banks. Their roles in facilitating account creation, bypassing customer verification protocols, and enabling suspicious transactions are under scrutiny. The charge sheet includes extensive digital evidence, forensic reports, financial transaction records, and testimonies from approximately 20 witnesses.
Ongoing Investigation
The investigation remains active, with efforts focused on locating the two fugitives, Rajveer Singh Yadav and Anchit Goyal, who are each offered a ₹25,000 reward for information leading to their capture. Authorities are also examining the involvement of at least 13 additional suspects, analyzing their financial activities and digital footprints to map the full scope of the fraud network.
Expert Comments
Cybercrime expert and former IPS officer Prof. Triveni Singh highlighted the growing prevalence of mule accounts in organized financial crimes. He noted that cybercriminals often recruit individuals with promises of commissions to open or provide bank accounts, which are then used to rapidly move illicit funds across layers of accounts to evade detection. Singh emphasized the importance of stringent Know Your
About Author
English