A major cyber fraud and banking racket involving nearly ₹1.85 crore has surfaced in Gujarat after investigators traced 71 cyber fraud complaints linked to suspicious bank transactions and organised financial fraud operations in Rajkot. Authorities believe the racket operated through a network of bank accounts allegedly used to receive and transfer money siphoned from victims across multiple cybercrime cases.
According to investigators, the complaints exposed a wider financial network allegedly involving mule bank accounts, layered digital transactions, and coordinated cyber fraud activities. Police are now examining transaction records, account holders, and digital evidence to identify the individuals behind the operation.
Police Probe Network of Suspicious Bank Accounts
Investigators suspect the racket relied on multiple bank accounts used to collect money obtained through online fraud schemes. Authorities believe the accounts were either fraudulently opened or rented out for illegal financial transactions linked to cybercrime activities.
Officials said cybercriminals commonly use such mule accounts to quickly move stolen funds across different states before withdrawing cash or routing money through additional banking channels. Investigators are analysing financial records to trace the flow of funds connected to the ₹1.85 crore fraud trail.
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Police are also examining whether the same network was involved in other interstate cyber fraud cases involving phishing scams, fake investment schemes, and digital payment fraud operations.
Rise in Cyber Fraud Complaints Raises Alarm
Authorities said the large number of complaints reflects the growing scale of organised cyber-enabled financial fraud in Gujarat and other parts of India. Cybercriminals increasingly rely on social engineering tactics, fake calls, phishing links, and impersonation methods to trick victims into transferring money or revealing banking credentials.
Investigators noted that once money is transferred, fraudsters rapidly distribute the funds across multiple accounts to make tracing difficult. Police believe coordinated banking and digital payment networks are playing a major role in facilitating such cyber fraud operations.
The investigation comes amid rising nationwide concerns over the misuse of rented bank accounts, fake SIM cards, and digital wallets in cybercrime syndicates.
Financial Trail and Digital Evidence Under Examination
Cybercrime investigators are now scrutinising account activity, transaction histories, mobile numbers, and digital communication linked to the suspected racket. Authorities are also attempting to identify intermediaries responsible for arranging bank accounts and routing fraudulent proceeds.
Officials suspect the operation may involve a broader interstate network connected to organised cyber fraud groups. Similar cases in recent months have revealed the use of layered transactions, account suppliers, and digital payment systems to conceal the origin of stolen funds.
Police are expected to expand the probe further as more financial records and cybercrime complaints are analysed.
Authorities Stress Public Awareness Against Cyber Frauds
Law enforcement agencies have repeatedly urged citizens to avoid sharing OTPs, banking credentials, UPI PINs, or confidential financial information with unknown callers or suspicious online platforms. Investigators warned that fraudsters often impersonate bank officials, customer-care executives, or government representatives to deceive victims.
Authorities also advised people to immediately report suspicious financial activity and cyber fraud incidents through official cybercrime reporting channels to improve the chances of freezing fraudulent transactions and tracing the money trail.
