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Fraud

Major Cyber Fraud Racket Busted in Bareilly, Four Arrested

Strategic Insights

— 1 min read

A massive cyber fraud racket was recently unearthed in Bareilly, where a syndicate of fraudsters had been providing bank accounts to cybercriminals across India. The police have arrested four individuals, Musharraf, Abdul Razzak alias Pintu, Shivam Goswami, and Nishant Srivastava, who were allegedly targeting poor and vulnerable people, including laborers, street vendors, and rickshaw pullers, by luring them with small sums of money to open bank accounts. These accounts were then used by cyber fraudsters to transfer money from scams committed in various states, including Punjab, Haryana, and Tamil Nadu.

Key Takeaways:

  • The police have arrested four individuals, Musharraf, Abdul Razzak alias Pintu, Shivam Goswami, and Nishant Srivastava, in connection with a massive cyber fraud racket in Bareilly.
  • The gang allegedly targeted poor and vulnerable people, including laborers, street vendors, and rickshaw pullers, by luring them with small sums of money to open bank accounts.
  • These accounts were then used by cyber fraudsters to transfer money from scams committed in various states, including Punjab, Haryana, and Tamil Nadu.
  • The gang reportedly earned commissions on every transaction and used the accounts to transfer scam money and later withdraw or forward it to other accounts.
  • Over 100 bank accounts have been identified so far, directly involved in cyber fraud cases across the country, and a forensic audit of these accounts is underway to trace the flow of illicit money and reach the end beneficiaries.
  • The accused were booked under various sections of the Indian Penal Code, including 319(2), 318(4), 338, 336(3), 340(2), and Section 66-D of the IT Act.

Statistics:

  • Four individuals, Musharraf, Abdul Razzak alias Pintu, Shivam Goswami, and Nishant Srivastava, have been arrested in connection with the cyber fraud racket.
  • Over 100 bank accounts have been identified so far, directly involved in cyber fraud cases across the country.
  • The gang reportedly earned commissions on every transaction.
  • The accused have been booked under various sections of the Indian Penal Code, including 319(2), 318(4), 338, 336(3), 340(2), and Section 66-D of the IT Act.
  • The investigation is ongoing, and police efforts are being made to locate the three other accused, Hamid, Zeeshan, and Mohit, who are currently absconding.

Sources:

  • "United News of India"
  • "HT Digital Content Services"

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