Digital Arrest Gang: 10 College-Going Students Arrested in Rs 2.5 cr Fraud Case

Strategic Insights -

Ten college-going students from Uttar Pradesh were arrested by the Gwalior police in connection with a Rs 2.5 crore fraud case involving the Ramakrishna Mission Ashram secretary. The accused were presented in court for police remand, with investigations revealing a complex racket involving fake accounts, cash withdrawals, and digital transfers. The police believe that several suspects are linked to the "digital arrest" gang, a popular cybercrime network.

Key Takeaways:

  • The arrested students were all college-going, with no prior criminal record.
  • The fraud involved a total amount of Rs 2.5 crore, with Rs 30 lakh transferred to a bank account in Lucknow.
  • The account holder in Lucknow had rented his account to the fraudsters for a commission.
  • The special investigating team (SIT) found multiple layers in the ongoing racket, including rented bank accounts, cash transfers, and digital transactions.
  • Some of the accused converted cash into USDT and delivered it to the fraudsters.
  • The majority of the amount was transferred through a private bank account in Prayagraj and then to 20 other bank accounts.
  • The account in Prayagraj was linked to a quack firm.
  • All laptops, mobiles, and other devices were recovered from the accused.
  • The police believe that several suspects are linked to the "digital arrest" gang.

Statistics:

  • Total amount of fraud: Rs 2.5 crore.
  • Amount transferred to Lucknow bank account: Rs 30 lakh.
  • Number of accused arrested: 10.
  • Number of bank accounts involved: 20 (including the one in Prayagraj).
  • Number of devices recovered: numerous (laptops, mobiles, etc.).
  • Currency converted into USDT: unknown amount.
  • Activate time period: no specific date mentioned.

Sources:

  • _Indian National Press (Bombay) Pvt. Ltd._
  • Contify.com