Mumbai police have busted a major cyber fraud network, arresting 12 suspects, including a couple. This gang swindled approximately ₹60.82 crore from people across the nation through online scams. According to the police, the accused executed the fraud by acquiring bank accounts and SIM cards.
According to a news agency report, Mumbai's crime branch team conducted a raid on August 12 in the Kandivali area, apprehending five suspects. A number of bank passbooks and SIM cards were recovered from them.
Bank Accounts Bought for Rs 7,000 to 8,000
The investigation revealed that the gang had purchased 943 bank accounts to date, with 180 used for fraudulent activities. The accused bought bank accounts and SIM cards each for Rs 7,000 to 8,000, using them in crimes like digital arrests, online shopping, and share trading fraud.
Mumbai Police Deputy Commissioner Raj Tilak Roshan stated that this gang had been operating since last year, conning people nationwide. The accused defrauded Rs 10.57 crore in Maharashtra alone, with Rs 1.67 crore attributed to cyber fraud in Mumbai city. The remaining sum was swindled from individuals in other states.
12 Cyber Fraudsters Apprehended
Further police investigations revealed that some accused in the gang earned substantial money by selling their bank accounts and SIM cards. These were used by the gang leaders for online scams.
The police have so far arrested 12 individuals and frozen several bank accounts. They claim this is one of the country's largest cyber fraud rackets, and they are continuing their search for more people connected to this network.
