13-Members Gang Involved In Rs 4 Crores UPI Fraud Arrested

Hyderabad, Sept 9 (Maxim News):  The Shamshabad CCS Police, with the help of KPHB Police, Madhapur, and Narsingi police from Cyberabad Commissionerate apprehended a 13-member gang from Rajasthan on 08-09-2024. This gang was involved in a series of high-tech UPI frauds and cheating schemes, defrauding M/s. Bajaj Electronics, is a reputed business establishment, of approximately ₹4.0 crores. The police seized ₹1.72 lakhs in cash and electronic goods worth ₹50 lakhs.

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Several fraud and cheating cases were reported in various police stations under the Cyberabad, Hyderabad, and Rachakonda Commissionerate, as well as in other metropolitan cities across Telangana State, all involving Bajaj Electronics and totaling losses exceeding ₹4.0 crores.

Upon receiving information from Bajaj Electronics, the Shamshabad CCS Police, and KPHB Police, Madhapur, and Narsingi Police started an investigation. They discovered that individuals from Rajasthan had visited showrooms and purchased expensive electronics. The gang’s method involved sharing the showroom & UPI scanner with an accomplice in Rajasthan, who would transfer the money to the showroom. After taking delivery of the goods, the accomplice would file a chargeback complaint with the bank, causing the transaction to reverse and the money to return to the gang’s account.

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The gang, comprising more than 13 members aged 20-25 years from Rajasthan, operated in groups. Some members stayed in Hyderabad, while their associates remained in Rajasthan. Members in Hyderabad would visit Bajaj Electronics showrooms purchase high-value electronic items and send the showroom’s QR code to their associates in Rajasthan, who would transfer the money through UPI. After receiving the items, they would sell them and split the profits. The associate who transferred the money would later file a fraudulent complaint requesting a chargeback, resulting in a refund of the amount.

The arrested gang members include: -1)SomRaj 2) Sunil 3)LacRam 4)Sharwan 5) Somraj 6) shivalal 7) Ramesh 8) Shrawan 9)Pappu Ram 10) Shravan 11)Rakesh 12) Ramesh 13)Ashok Kumar. All the accused have been arrested in these cases and are being produced before the Court for judicial remand.

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The Shamshabad CCS team, led by M. Pavan (Inspector of Police), KPHB, CI Narsingi, and CI Madapur, under the guidance of ACP CCS Shashank Reddy and Kalinga Rao, and the supervision of DCP Crimes K. Narsimha, IPS, with direction from Commissioner of Police, Cyberabad, Avinash Mohanty Apprehended the accused and recovered the stolen property. The team has been appreciated and suitably rewarded for their commendable work. (Maxim News) 

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