Police have arrested eight people in connection with an alleged cyber fraud network accused of arranging bank accounts and firms that were then used to receive and transfer money obtained through online fraud. The Kotwali Nagar police and the cybercrime police’s joint team carried out the action after identifying what investigators described as a network supplying accounts for cyber fraud.
According to police, the accused allegedly opened firms and bank accounts using various documents. Money obtained through cyber fraud was received in these accounts and subsequently transferred to other accounts. Investigators said the money was also withdrawn through ATMs and other methods.
Firms and Bank Accounts Allegedly Used to Move Fraud Proceeds
Police said Aadhaar cards and PAN cards, along with other documents, were allegedly used to prepare firms and open bank accounts. After the accounts were created, their GST registration and banking details were allegedly handed over to other members involved in cyber fraud, who then sent fraud proceeds into those accounts.
The alleged arrangement was designed to receive money linked to cyber fraud and move it through different accounts, according to the police account. Investigators are examining the transactions associated with the accounts and the roles allegedly played by those arrested.
The eight arrested people were identified as Banda resident Anand Mishra, Rae Bareli residents Prabhakar Srivastava, Syed Mohammad Azam and Mohammad Akram. Police also named Indore resident Akash Gaud, Jatin Sen, Bablu Rishte and Surendra Singh among those arrested.
Police said the accused were questioned in detail about how the alleged operation functioned.
Smartphones, Chequebooks and Banking Documents Seized
Police said they recovered nine smartphones, four chequebooks, five Aadhaar cards, three PAN cards and three SIM cards from the possession of the accused.
Several documents were also seized, including papers related to opening bank accounts, Udyam registration and firm registration. Police further recovered stamps, rent agreements, visiting cards, driving licences, Aadhaar-related documents and registration certificates.
The seized material is being examined as part of the investigation into how firms and accounts were allegedly created and used for receiving cyber fraud proceeds.
Further Investigation Into Transactions Underway
A case has been registered under various sections at Kotwali Nagar. Police said all eight accused are being sent to judicial custody following their arrest.
Investigators are now examining the transactions conducted through the accounts linked to the alleged operation. The probe is also looking into the movement of cyber fraud money through these accounts and the wider financial trail associated with the network.
The operation was carried out under the direction of Superintendent of Police Ravi Kumar, with the supervision of Additional Superintendent of Police Sanjeev Kumar Sinha and Circle Officer Nagar Arish Naim.
