Police arrest 12 members of cyber gang (X/@nadarsudhakar29)
Maharashtra: The investigation uncovered a network of 110 bank accounts used to funnel money into cryptocurrency, exposing the intricate methods used by international cybercriminals.
Mumbai's Gamdevi police have successfully dismantled an international cyber fraud gang, arresting 12 individuals from three different Indian states. The gang is connected to a scam amounting to ₹30 crore, involving cryptocurrency transfers to Cambodia. The investigation revealed a complex web of deceit, with the accused using 110 bank accounts to receive and transfer illicit funds. The scam targeted numerous individuals across India, highlighting the widespread impact of these cybercrimes.
Major Cyber Fraud Crackdown by Gaodevi Police – 12 Accused Arrested.
— SUDHAKAR EDWIN NADAR (@nadarsudhakar29) February 10, 2025
Mumbai's Gaodevi Police have arrested 12 individuals in connection with an online fraud case involving a 74-year-old senior citizen from their jurisdiction. The police launched a thorough investigation, leading… pic.twitter.com/Zg56w6rhQN
The cybercriminals employed various tactics to deceive their victims, including persuading them to invest in the share market. In one instance, a 74-year-old resident of Gamdevi was duped of ₹1 lakh after being convinced to invest in a fraudulent scheme. The investigation revealed that the stolen funds were deposited into bank accounts controlled by the accused, then transferred to Punjab, converted into cryptocurrency, and sent to Cambodia. To facilitate their operations, the accused enticed young individuals to open bank accounts in exchange for a commission, providing them with accommodation to prevent them from absconding with the money.
Three of the arrested individuals had traveled to Cambodia, where they collaborated with Chinese nationals to run the cyber fraud operation. Rajendra Singh, identified as the mastermind behind the scam, posed as a Cambodian national using the alias Kun Hash. Singh, along with other accomplices, provided bank account details to their Chinese counterparts in Cambodia, who then procured bank account kits and linked mobile SIM cards to the accounts. The accused in India shared one-time passwords (OTPs) with their foreign accomplices to complete the fraudulent transactions.
The investigation has uncovered a vast network of cyber fraud, with cases filed against the accused in multiple cities across India. Authorities are actively pursuing leads to identify and apprehend other individuals involved in the scam, including those based in Cambodia. The successful bust highlights the importance of international collaboration in combating cybercrime and protecting citizens from falling victim to these elaborate schemes.
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