The Rajkot Rural Police Cyber Crime Cell has uncovered a major financial fraud network during an ongoing investigation into cybercrime activities. Authorities revealed that around ₹1,500 crore was transacted through 15 APMC-linked bank accounts associated with a suspected syndicate, of which ₹23.14 crore has been preliminarily confirmed as proceeds of cyber fraud.
APMC Accounts Used for Money Laundering
Police officials said the accused members collected money from cyber fraud operations across the country and routed it through their bank accounts. Investigators also found that some of the accounts were allegedly used for GST input tax credit manipulation, online gaming transactions and unaccounted financial movements. The suspects failed to provide satisfactory explanations regarding the business activities justifying such large-scale transactions.
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Three More Arrests in Ongoing Probe
Following the earlier arrest of six accused, police detained three more suspects in connection with the case. The newly arrested individuals include Telangana resident Adiluddin Mohammed Muniruddin, Mihir Ramji Rangani from Kuvadva Road’s Jai Gurudev Park-1 area in Rajkot, and Hiren Ashwin Limbasiya of Nanamava Tirupati Park-2. The court granted a four-day police remand to facilitate further investigation into the network.
180 Cybercrime Complaints Linked
During the initial investigation, the cybercrime cell examined the account of Jyot Trading Company at a Yes Bank branch in Moviya, Paddhari. Transactions worth nearly ₹200 crore were found in this account. Subsequent analysis of other APMC accounts revealed suspicious transfers totaling ₹380 crore, of which about ₹16 crore is suspected to be directly linked to cyber fraud activities.
Officials stated that a total of 180 cybercrime complaints have been registered on the national cybercrime portal related to the network. Among these, 21 complaints from Gujarat accounted for approximately ₹2.94 crore, while 159 complaints from other states reported losses of nearly ₹20.20 crore.
Detailed Account Transaction Breakdown
Rajkot Rural SP Vijay Singh Gurjar said that many transactions recorded in the accused accounts lacked any legitimate business justification. Preliminary findings suggest that the suspects were not engaged in genuine commercial activities, strengthening the suspicion of organised financial manipulation. Investigators are now trying to trace the original source of the remaining funds and identify the destination accounts.
The investigation team has prepared a detailed list of 15 suspicious bank accounts. These include approximately ₹539 crore transacted through four accounts linked to Manish Kamani’s companies, ₹383 crore through two accounts of Jay Nadpara, ₹87 crore through two accounts of Mihir Rangani, ₹493 crore through two accounts of Yajnik Zhalawadiya, and ₹23 crore across five accounts linked to Mohammed Adiluddin.
Police Warn Against Online Scams
Police said the cybercriminals were using APMC business-style accounts to camouflage financial trails. The primary focus of the investigation is now to identify the real source of the funds, trace possible international transaction links and locate other members of the syndicate.
Authorities advised citizens to remain cautious about online investment schemes and suspicious financial offers. People were urged not to share OTPs, banking passwords or personal financial information with unknown callers and to immediately report cyber fraud incidents through official helplines.
The police continue technical investigations into the case, and further arrests and asset seizure actions are expected in the coming days.
About the author – Rehan Khan is a law student and legal journalist with a keen interest in cybercrime, digital fraud, and emerging technology laws. He writes on the intersection of law, cybersecurity, and online safety, focusing on developments that impact individuals and institutions in India.
