Money Heist-Inspired Duo’s High-Tech Heist: Rs 1 Crore Fraud Lands Cybercriminals Behind Bars

The Uttar Pradesh Cyber Crime police have arrested two men in connection with a fraudulent transaction of Rs one crore from a Noida-based businessman’s bank account. The accused, inspired by the popular web-series “Money Heist,” used sophisticated methods to carry out the crime, which involved hacking the complainant’s company email, utilizing virtual private networks, dark web resources, and forged identities.

According to officials, the businessman filed a complaint at the Cyber Crime police station in Noida after discovering unauthorized fund transfers from his bank account. The investigating officer, Inspector Reeta Yadav, revealed that the culprits used a technique to bypass the One-Time Password (OTP) sent to the registered mobile number associated with the bank account.

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Inspired by “Money Heist”:

The arrested individuals have been identified as Ritesh Chaturvedi, also known as Amit Singh, and Rishabh Jain, who used the alias Prince Thakur. During the investigation, the duo confessed to committing the crime and cited their inspiration from the popular crime drama web series “Money Heist.”

Inspector Yadav revealed that the criminals joined multiple WhatsApp and Telegram groups, adopting the names of characters from the series. Chaturvedi used the moniker ‘Professor,’ while Jain operated under the name ‘Rio’ on the virtual platforms.

The arrested individuals have been identified as Ritesh Chaturvedi, also known as Amit Singh, and Rishabh Jain, who used the alias Prince Thakur

Sophisticated Techniques Used:

The cybercriminals used multiple advanced techniques to avoid detection and carry out the fraudulent transfer successfully. After gaining control of the complainant’s bank account, they transferred the swindled amount of Rs one crore into four different bank accounts, all created using forged identities.

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To further conceal their tracks, the accused converted the funds into cryptocurrencies using a digital wallet on USDT (Tether). They utilized virtual private networks and the dark web to ensure their actions remained hidden from law enforcement agencies.

Seized Evidence and Legal Action:

Following their arrest, the police confiscated several pieces of evidence from Chaturvedi and Jain’s possession. These included a car, a laptop, 11 mobile phones, 25 SIM cards, and 23 debit cards, among other items.

Superintendent of Police, UP Cyber Crime, Triveni Singh, praised the diligent efforts of the police team in cracking the case. To acknowledge their hard work, Singh announced a reward of Rs 25,000 for the successful resolution of the investigation.

The accused have been charged under the Indian Penal Code Section 420 (cheating) and various provisions of the Information Technology Act. The police have ensured that all technical resources used in the crime have been seized as part of the investigation.

The Noida Cyber Crime police continue to remind the public to remain vigilant about potential online scams and encourage them to report any suspicious activities promptly. The arrests of Chaturvedi and Jain serve as a stern warning to cybercriminals that their actions will not go unpunished.

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