Massive Cyber Fraud Involving Rs. 4.23 Cr Unearthed, Five People Arrested

Jagtial/Hyderabad, April 28 (Maxim News) In a major breakthrough, Telangana police hosted a cyber crime racket with the arrest of five persons from Kerala and exposed an intricate network of money transfers spanning over three to four States in India.

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The cybercrime syndicate used an elaborate system to transfer money from the victim to more than 200 bank accounts and the money swindled was a staggering Rs. 4,23,65,000 and the victim happened to be Hasetti Sankaraiah from Jagtial.

The massive fraud was perpetrated on Sankaraiah in November last year, when the unsuspecting victim received a call from one Sanka Varma, purportedly from Mumbai. Sarika Varma informed Sankariah that his aadhaar card number was misused in Mumbai and that it was linked to a money laundering case in Mumbai which was being investigated by the law enforcement agencies.

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Sankaraiah was made to disclose his bank details and the money he had and later convinced to transfer Rs. 3,23,65,000 from his account to different accounts, with the promise that the entire amount would be transferred back to him once the probe was completed, Jagtial SP sunpreet Singh told newsmen here on Saturday.

Sankariah was also warned not to disclose any details of the purported Mumbai case and the transfer of money. The calls from the cyber cheaters continued and subsequently, he was made to part with another crore making the total he lost Rs. 4,23,65,000.

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The fraudsters who forced the victim to share the screenshot of his laptop noticed that he had some 20-year-old shares and ordered him to sell and send them money.

Sankariah, who grew suspicious, questioned them as to how his two-decade-old shares were connected to the ongoing investigation, and at that point, the fraudsters stopped calling or receiving calls from him. It was then, that Sankariah approached the police and a case was registered on November 27, 2023.

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Considering the enormity of the fraud, Sunpreet Singh said, a special team headed by DSP Ranga Reddy, CI Suresh Babu, SI Shyam Raj, and constables Chandrasekhar, Mahesh, and Santosh. The special team found that Rs. 15 lakh was credited to an account held by Skyline Travels in Kerala.

The team rushed to Kerala and arrested the account holder Shaukat Ali, who disclosed that he and another person Basith came into contact with one Sanjay on the Telegram app. Sanjay, the team was told, had lured them to share their account details and promised part of the money, and were paid Rs. 3 lakhs after Sankariah transferred Rs. 15 lakhs to them.

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Using a similar modus operandi, LK associated in Jabalpur also received Rs. 15 lakh from the victim and the account holders Ajmal and Saheb were paid Rs. one lakh after they received Rs. 15 lakh which was transferred to one Qumaruddin and Ashik.

The police team took Qumaruddin into custody. The investigators also found that LK associates had sent Rs. 10 lakh to one Siddiqui.

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Ultimately, the team arrested the five recipients of the money – Shaukat Ali, Basith, Ajmal, Qumaruddin and Siddique. The team also traced the money trail to Arunachal Pradesh and Madhya Pradesh.

The district SP appreciated the efforts of the special team in exposing the massive cyber fraud. Further investigations are on. (Maxim News)

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