Kanpur: Police have intensified efforts to arrest Rajbir Singh Yadav alias Omkar, the alleged mastermind behind an illegal financial network that reportedly facilitated transactions worth ₹125 crore through fake bank accounts. Already under investigation for his alleged role in cybercrime and money mule operations, Rajbir now faces another case involving an alleged ₹7.50 crore cyber fraud. Investigators said his location has been traced across several states, and multiple police teams are conducting raids to apprehend him.
According to investigators, eight individuals, including four bank employees, were arrested in late April 2026 for allegedly assisting Rajbir in operating the network. Technical surveillance and interrogation have since indicated his presence in Maharashtra, Delhi, Chhattisgarh, and Agra, among other locations. The reward for information leading to his arrest was recently increased from ₹25,000 to ₹50,000.
Police allege that Rajbir, who previously worked in the banking sector, lured unemployed youth and financially vulnerable individuals by promising government scheme benefits, housing assistance, business certificates, and employment opportunities. Using their identity documents, he allegedly opened bank accounts that were later used to receive proceeds from cyber fraud and other suspicious financial transactions. Investigators believe the funds were subsequently routed through multiple bank accounts and hawala channels to different parts of the country.
During the investigation, police froze approximately ₹4.20 crore held in five bank accounts allegedly linked to the accused. Authorities have also identified assets worth around ₹1.50 crore in Rohtas, Bihar, property valued at nearly ₹2.50 crore in Kanpur’s Fazalganj area, and an agreement reportedly worth about ₹1.20 crore. Investigators are examining whether these assets were acquired using proceeds from the alleged illegal activities.
The investigation has also revealed that Rajbir went into hiding after law enforcement cracked down on an alleged gaming app fraud network in February 2026. During the probe into an alleged ₹100 crore cyber fraud, the cyber cell reportedly uncovered his suspected role in the broader financial network. Police said Rajbir is a native of Kanpur’s Barra locality and previously worked with Fino Merchant Bank. Investigators consider him the alleged mastermind behind a network that supplied fake and money mule bank accounts for cybercriminals.
Meanwhile, a fresh criminal case involving an alleged ₹7.50 crore cyber fraud has been registered against Rajbir. Complainant Abhishek Yadav alleged that while preparing for competitive examinations, he came into contact with Rajbir, who promised to arrange employment. Rajbir allegedly collected his Aadhaar card, PAN card, résumé, and other personal documents. The complainant claims those documents were later misused to open a bank account in his name, through which suspicious transactions worth approximately ₹7.50 crore were routed without his knowledge.
After submitting a year’s worth of bank transaction records to the Police Commissioner, the complainant’s allegations led to the registration of a new case. Investigators are now examining whether similar methods were used to obtain identity documents from other individuals and open additional fraudulent bank accounts.
Renowned cybercrime expert and former IPS officer Prof. Triveni Singh said cybercriminals are increasingly exploiting promises of jobs, government schemes, loans, investments, and document verification to obtain personal identity documents, which are then used to create money mule accounts and facilitate financial fraud. He advised citizens to share Aadhaar, PAN, banking details, and KYC documents only with authorized institutions and to regularly monitor their bank accounts and credit records so that any unauthorized account or suspicious transaction can be detected and reported promptly.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
