Noida — A retired Commerce Department officer became the latest victim of cyber fraud, losing a staggering ₹1.70 crore to scammers impersonating police officials. The accused allegedly pressured him by falsely linking his name to a money laundering probe involving Jet Airways co-founder Naresh Goyal.
Police revealed that the fraudsters used phone calls and even video conferences to bolster their act, presenting forged IDs and fabricated documents. The victim, initially skeptical, eventually gave in after repeated threats and demands for “clearance certificates,” transferring large sums across six days.
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14 Bank Accounts Frozen in Probe
Investigators have frozen 14 bank accounts connected to the fraud. Preliminary findings indicate that the gang operated in a highly organized manner, moving funds quickly to obscure their trail. Authorities have also flagged a suspicious transfer of ₹25 lakh to a well-known businessman, raising concerns about a deeper financial nexus.
Expert Flags Rising Sophistication of Scams
Cybercrime expert and former IPS officer Professor Triveni Singh emphasized the growing threat. “Fraudsters exploit high-profile cases and digital tools to create fear and legitimacy. By mimicking law enforcement, they trap vulnerable citizens. Vigilance and verification are the only defenses,” he said.
A Larger Pattern in Cybercrime
This case adds to the rising number of cyber frauds in India where criminals leverage technology, fear, and false authority to deceive unsuspecting victims. Authorities have intensified efforts to trace the broader network and recover the stolen funds.
Officials urged citizens to remain cautious, stressing that no genuine law enforcement agency ever demands money for clearance certificates or investigations. As cybercriminals refine their tactics, experts warn that awareness remains the most effective shield against such scams.