Rajasthan Police Arrest 17 in Major Cyber Fraud Scheme
Cyber fraud racket busted in Rajasthan with arrest of 17 people
Hindustan Times
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The Rajasthan Police have arrested 17 individuals involved in a cyber fraud scheme that duped an accountant of ₹5.30 crore (approximately $640,000 USD) by impersonating his company's chairman on WhatsApp. The fraudsters misled the victim into transferring funds to multiple bank accounts, which were later withdrawn or converted into cryptocurrency.
- 0117 individuals arrested for cyber fraud in Rajasthan, India.
- 02The fraud involved impersonating a company chairman on WhatsApp.
- 03The victim lost ₹5.30 crore (approximately $640,000 USD).
- 04Funds were laundered through multiple accounts and converted into cryptocurrency.
- 05Accused included a law student and various workers from different sectors.
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The Rajasthan Police have dismantled a cyber fraud racket, arresting 17 individuals for their role in deceiving an accountant out of ₹5.30 crore (approximately $640,000 USD). The scheme involved impersonating the chairman of a mining company via WhatsApp, leading the victim to transfer large sums to multiple bank accounts. The complainant, Deependra Singh, reported the incident on April 24 after receiving urgent transfer requests from a WhatsApp number posing as the company owner. Police investigations, led by DIG Cyber Crime Shantanu Kumar Singh, traced the transactions, revealing that the money was funneled through various accounts and later withdrawn in cash or converted into cryptocurrency using hawala channels. The arrested individuals included a mix of backgrounds, such as a law student and salon workers, who facilitated the fraud by providing bank accounts and handling cash withdrawals. The gang members earned commissions ranging from ₹3,000 to ₹50,000 per account, often meeting at tea stalls to avoid detection.
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This crackdown on cyber fraud will enhance awareness and security measures among businesses in Rajasthan, potentially preventing future scams.
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