Police have arrested 10 people across four states while investigating six cases of cyber financial fraud involving a total alleged loss of ₹24.54 crore. During the operation, ₹42.72 lakh was recovered from the ₹44.17 lakh that had been transferred into bank accounts linked to six of the accused. Investigators are now working to identify other people allegedly connected with the network.
10 Arrested From Tamil Nadu, Kerala, Maharashtra and Gujarat
The cases were registered with the Chennai Central Crime Branch and the North Zone Cyber Crime Police. Four special teams were formed to trace the suspects and examine their financial activities. The teams conducted operations at multiple locations across Tamil Nadu, Kerala, Maharashtra, Gujarat and Delhi, gathering information about the suspects’ movements, contacts and financial transactions.
During the investigation, police found leads related to money transfers between the accused and their alleged links to cyber fraud activities. Based on these findings, six people were arrested from Tamil Nadu and Kerala, two from Maharashtra and two from Gujarat.
How Much Money Was Recovered?
According to investigators, a total of ₹44.17 lakh had been transferred into the bank accounts of six of the arrested individuals. Of this amount, ₹42.72 lakh was recovered during the investigation. The remaining four accused allegedly played the role of intermediaries, helping facilitate transactions or connections between other individuals involved in the alleged fraud.
Police also seized eight mobile phones, SIM cards, memory cards, two bank passbooks and a cheque book during the operation. The seized digital devices and banking documents are being examined to determine how the allegedly defrauded money was routed through different accounts and how it was subsequently withdrawn or used.
Of the 10 arrested individuals, eight have been remanded in judicial custody. Notices under Section 35(3) of the Bharatiya Nagarik Suraksha Sanhita were issued to the other two. The investigation remains underway, with police attempting to identify additional people who may have been directly or indirectly involved in the alleged financial fraud.
The investigation has extended beyond Chennai because of the presence of suspects and financial links in multiple states. Police suspect that the alleged cyber fraud operations may have involved a multi-layered network in which different individuals performed separate roles. These may include arranging bank accounts, transferring funds and establishing contact between participants. Investigators are examining each of these possible links.
₹24.54 Crore Loss Across Six Cyber Fraud Cases
Digital evidence recovered from the seized mobile phones and memory cards is also being analysed. Investigators are expected to examine messages, contact details, transaction-related information and other electronic records to establish connections among the suspects. Bank account statements and transaction trails are being scrutinised to determine the route taken by money allegedly linked to the ₹24.54 crore fraud cases.
Police are also checking whether the arrested individuals maintained links with people operating in other states. Such cross-state connections can be important in cyber financial fraud investigations because money is often moved through multiple accounts before being withdrawn or transferred further.
Investigators are questioning the arrested suspects to establish the complete chain of the alleged fraud in all six cases. The focus is on identifying the source of the transactions, tracing the movement of funds and determining the specific role of each accused.
Police have appealed to people who fall victim to cyber financial fraud to report the incident immediately. Prompt reporting can increase the possibility of identifying suspicious transactions and stopping or recovering funds before they are moved through additional accounts.
Further investigation is expected to focus on the financial and digital links emerging from the arrested suspects and the seized material. Police are also working to establish whether the six cases are connected through a common network and to trace other suspects who may have assisted in the alleged fraud.
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