New Delhi: With the arrest of two men from Goa, the Delhi Police on Friday claimed to have busted an online fraud and inter-state cash transfer network.
Police said the transactions amounted to approx $It was also revealed that 40,000 were routed through the network.
The accused Arjun Lal Yadav and Dipendra Mahala, both residents of Rajasthan, were arrested in South Goa’s Madgaon after a multi-state operation, an officer said.
He added that the syndicate operates across Delhi, Goa and Rajasthan and allegedly converted the proceeds of cyber fraud into physical funds through business establishments in Goa.
“The investigation began after one of the complainants reported that his mobile phone had been compromised during what appeared to be a routine software or system update. The criminals then gained unauthorized access to and took over the accounts associated with the complainant and his mother’s bank accounts. $1.5 lakh within minutes,” the officer said.
The victim received a complaint lodged through the National Cyber Crime Reporting Portal, following which an FIR was registered at the cyber police station in Utternorth district. During the investigation, police tracked down $98,000 of the fraudulent money to a gas station located at Vasco in South Goa.
Police said the accused ran an organized cash transfer racket through a dedicated phone number active on social media platforms. The fraudulent online transfers were allegedly routed to business entities and, after confirmation of payment, cash equivalent amounts less commissions were delivered.
“Technical analysis and scrutiny of digital transactions have almost revealed this $“40 lakh have already been processed through this network,” the officer said.
Based on technical surveillance and local intelligence inputs, a police team conducted a raid in South Goa and arrested the two men. During interrogation, the accused revealed that the money converted into cash in Goa was allegedly sent to major dealers in Rajasthan.
The police caught it $1.95 lakh in cash, a Mahindra Thar SUV, a laptop, four mobile phones, three ATM cards and three check books from the accused.
“The number allegedly used to coordinate fraudulent transactions was found active on one of the seized mobile phones. Further investigations are underway to identify the entire network, trace the money trail and arrest other members of the syndicate,” the officer said.
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