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Gujarat Uncovers Rs 804-Crore Cyber Fraud Ring in Wider Multi-State Crackdown

Investigators say mule accounts, fake SIMs and crypto channels link local account suppliers to overseas handlers coordinating diverse scams.

Overview

  • Gujarat police said they exposed an international syndicate tied to about Rs 804 crore in fraud, arresting 10 in Surat and seizing 65 phones, 686 SIMs, 529 bank account kits and 447 debit cards, while returning Rs 5.51 crore to victims.
  • Hyderabad cybercrime officers arrested two men from Maharashtra in a ‘digital arrest’ case where a retired doctor was coerced into transferring Rs 6.6 lakh through threats and forged documents before suffering a fatal cardiac arrest.
  • Indore’s State Cyber Cell arrested nine suspects linked to a stock-trading scam that moved Rs 1.39 crore, with investigators reporting ties to Chinese groups and conversion of proceeds into cryptocurrency via mule accounts.
  • Surat Cyber Crime Unit reported eight arrests across two gangs that provided bank accounts to fraud operators, with Rs 19.70 crore routed through 43 accounts and seizures including phones, passbooks, chequebooks and company seals.
  • Delhi Police said two men were held in a cheap flight-ticket scam, with victim funds traced to UTM Tourism Services Pvt Ltd and at least 25 similar complaints across states linked to the same account.