100 Crore Cyber Fraud Busted in Kanpur: Three Arrested, Bank Officials Under Investigation
Kanpur police have arrested three individuals for operating a cyber fraud network involving mule accounts, with an estimated transaction value of 100 crore rupees. The suspects opened bank accounts in others' names to facilitate illegal money transfers. Authorities are now investigating the involvement of staff and officers from 23 different banks, following 29 complaints registered on the NCRB portal.
VIMARSHNAARAD TVA major cybercrime network has been uncovered in Kanpur. In a joint operation, the Fazalganj police and the cyber cell arrested three individuals accused of orchestrating a massive fraud using mule accounts.
According to police reports, the gang lured unsuspecting individuals into opening savings, current, and merchant accounts in their names. These accounts were subsequently used to launder money obtained through cyber fraud.
Investigations indicate that approximately 100 crore rupees were processed through this illicit network. The police action was prompted by 29 complaints filed against the suspects on the National Crime Records Bureau (NCRB) portal.
As the investigation deepens, officials and employees from 23 different banks have come under scrutiny. Investigators are working to determine if internal bank staff facilitated the opening of these fraudulent accounts.
Police officials stated that the use of mule accounts is a serious criminal offense. The suspects reportedly moved stolen funds through multiple accounts to evade detection by law enforcement agencies.
Interrogation of the three arrested individuals is currently underway. Authorities hope that information obtained from them will lead to the identification and apprehension of other members of the syndicate.
The cyber cell is currently compiling details of all accounts involved in the fraudulent activities. Banks have been instructed to identify and freeze any suspicious accounts immediately.
This case highlights the urgent need for public awareness regarding cyber security. Police have urged citizens not to allow strangers to use their personal bank accounts for any transactions.
Further arrests are expected as the investigation progresses. The police are utilizing technical evidence to dismantle the entire network and reach the masterminds behind the operation.