Kanpur police have busted an alleged ₹125 crore cyber fraud network that operated on a commission-based model and involved bank staff, delivery personnel and other local operatives. Eight accused have been arrested so far, while several others remain absconding, as investigators examine how the syndicate allegedly siphoned off nearly ₹90 lakh in just 14 days through fake accounts, forged documents and layered financial transactions.
Commission Model Behind Fraud Network
According to investigators, the racket was structured with clearly assigned roles. Some members allegedly arranged bank accounts, others prepared or facilitated forged documentation, while another group managed the routing and withdrawal of defrauded money.
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The network reportedly functioned on a commission basis, with each participant receiving a fixed share for helping at different stages of the fraud. Those arranging bank accounts were allegedly paid per account, while delivery boys were used to procure SIM cards and documents required to open or operate accounts.
Officials said this model allowed the syndicate to expand quickly by recruiting local participants into a wider criminal network. The arrangement also helped divide responsibilities, making the operation harder to detect at an early stage.
Bank Staff Role Under Scrutiny
Investigators are probing the alleged involvement of certain bank employees who are suspected of helping activate fraudulent accounts and ignoring suspicious transactions. Their access and knowledge of banking processes reportedly enabled the syndicate to move money across multiple accounts without immediate detection.
The stolen funds were allegedly routed through several layers of transactions to obscure the money trail. This process made it difficult for enforcement agencies to identify the origin and destination of the funds.
Officials said the money was eventually withdrawn through different channels or transferred further within the network. The case has raised concerns over account-opening checks, transaction monitoring and internal accountability in financial institutions.
Probe Continues to Trace Wider Syndicate
Cybercrime expert and former IPS officer Triveni Singh said organised cybercrime has evolved into an economy where individuals play specific roles within larger fraud networks. He said such commission-based structures show that cybercriminals are using social engineering, behavioural manipulation and systemic loopholes alongside technology.
Authorities have said such networks often target victims through calls, messages and online platforms, using fake offers, investment schemes or threats of legal action to pressure them into quick financial decisions.
The investigation is continuing, with police working to identify absconding accused and dismantle the financial infrastructure behind the racket. Officials expect more details to emerge as interrogation and financial trail analysis progress.
