₹5 Cr Cyber Fraud Racket Busted in City, 4 Arrested
₹5 Cr Cyber Fraud Racket Busted in City, 4 Arrested
Jaipur, Rajasthan: Four members of the gang connected to an international network were nabbed by the police on Wednesday after they uncovered a cyber fraud ring worth ₹5 crore that was active in the city.
According to DCP (South) Rajashi Raj Varma, who spoke to TOI, the gang provided bank accounts to internet con artists, with money being sent all the way to China.
“Acting on a tip-off, a police team from Shyam Nagar police station raided a flat near Kamla Nehru Bridge and seized ₹7.7 lakh, 28 ATM cards, 23 checkbooks, 10 mobile SIMs, and forged rental agreements used to legitimize fake firms,” according to him.
According to Varma, Sunil Jakhar, one of the main suspects, reportedly laundered money from internet scams by using a shell firm front. Jakhar sent the fraudulent funds to Chinese handlers after converting them into USDT cryptocurrency.
“The group rented out bank accounts in Bihar, Jharkhand, Rajasthan, and Maharashtra. Villagers were enticed to rent out accounts, sign checks and ATM cards, and SIMs connected to the accounts in exchange for ₹10,000–₹30,000 per month. In exchange for commissions, the gang transferred crypto codes to China and withdrew the money that had been laundered,” Varma alleged.
Anku Chandolia, Kamal Kumawat, Kamlesh Verma, and Sadasukh Vishnoi were the names of the apprehended suspects.
Because they gave the fraud network their bank accounts, all four of them were taken into custody. According to the authorities, the scheme is associated with fraud call centers based in China that entice Indians through Telegram groups and WhatsApp by pretending to be stock or real estate investment schemes. This group uses deception to mislead victims into sending money to mule accounts.
Varma stated that the crackdown followed an active campaign against cybercrime authorized by the Rajasthan police, adding that 19 cyber fraud complaints had been linked to accounts confiscated in this bust thus far. As they follow the gang’s cryptocurrency trail and ties to China, police anticipate making more arrests. In order to evade detection, the group is also suspected of regularly switching apartments every one to two months.
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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