Two People Arrested in Kanpur for ₹14 Crore Cyber Fraud Scam

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Arrests Made in ₹14 Crore Cyber Fraud Ring Exposed in Kanpur

Law enforcement authorities in Uttar Pradesh have dismantled a significant cybercrime operation involving the use of “mule” bank accounts to launder funds generated from various forms of online scams.

Key Details:

Sumeet Kashyap and Naveen Srivastava, two individuals, were apprehended by the Rawatpur police in connection with this illicit activity.
The estimated transactions value is around ₹14 crore.
A Delhi-based mastermind controlled a sophisticated network of mule accounts set up across multiple banks.
The accounts were used to facilitate transactions related to fake stock market investments, online gaming platforms, and high-return profit scams.
The network relied heavily on encrypted communication channels, such as Telegram, to coordinate its operations.

“We are committed to bringing down such cybercrime rings and protecting the public from falling prey to their schemes.” – Police Official

Cybersecurity experts highlighted the significance of mule accounts in modern cybercrime operations, explaining that they enable scammers to quickly move stolen funds across multiple layers of transactions, making it difficult for law enforcement agencies to recover the money.

Investigation Continues:

The two accused are being held in custody and are undergoing thorough questioning. Their mobile devices, bank records, and communication logs are being scrutinized to uncover further connections within the network.

Additional arrests and revelations are expected as the probe delves deeper into the broader cybercrime ecosystem operating across India.