Vadodara police have exposed a major cyber fraud network. The authorities raided an international call center running from a city bungalow and arrested three men, including Swayam Rawat, Sneh Patel, and Ansh Panchal. These suspects were deceiving American citizens with pretexts of prepaid or soft loans.
According to the police, the suspects posed as employees of 'Prosper Funding,' earning trust by sending documents. So far, they have defrauded over 80 foreign nationals of around 3 million rupees.
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Engineers Operated the Fraud Network
Investigations revealed that Swayam Rawat is an electronics engineer, while Ansh Panchal holds a diploma in mechanical engineering. Sneh Patel and Ansh are fluent in English, speaking with a convincing British-American accent, which facilitated their deception of foreigners.
The suspects targeted individuals applying for loans in American banks, demanding advance payments under the guise of prepaid or soft loans. They claimed to facilitate loan approvals for a 20% commission. This network has been operational for the past two months.
Data Trading Revealed
The police investigation also revealed that the suspects purchased foreign customer data from various Telegram channels. They bought each data set for 80 rupees and sold it to call center operators in cities like Delhi, Mumbai, Bengaluru, and Kolkata for 100 rupees per customer. The team then called these individuals, extracting money by intimidation or deception, all in dollars.
Forensic Investigation Underway
Police seized six mobile phones and laptops on-site, intending to use forensic experts to trace how much money went into which accounts. Authorities suspect that as investigations progress, the defrauded amount might exceed 3 million rupees.
