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Banks (Finance)

Mumbai Crime Branch Cracks Down on International Cyber Fraud Syndicate

Strategic Insights

— 1 min read

In a major operation, the Mumbai Crime Branch's Unit 2 has exposed a vast international cyber fraud network, with roots in two fake companies in Kandivali, Mumbai. The syndicate, active for years, engineered massive financial scams, siphoning off over Rs 60 crore through over 943 bank accounts. The investigation, led by the Crime Branch, has resulted in the arrest of 12 suspects so far, with more expected to be apprehended. Fraudulent operations were carried out under the guise of 'DG Surge Consultancy' and 'Pritit Logistics', which were merely fronts for providing banking credentials to cybercriminals.

Key Takeaways:

  • The investigation has uncovered 943 bank accounts linked to large-scale cyber fraud operations, with over Rs 60.82 crore routed through these accounts.
  • The syndicate, active for years, engineered massive financial scams, including digital arrest schemes, investment fraud, and fake e-commerce deals.
  • The fraud involved the creation of 181 active bank accounts, with data analysis from seized laptops revealing 339 nationwide complaints, including 16 in Mumbai and 277 from other states.
  • Arrested suspects include Vaibhav Patel, Sunil Kumar Paswan, Amankumar Gautam, Khushbu Sundarjala, and Ritesh Bandekar, with more expected to be apprehended.
  • The syndicate purchased banking credentials for Rs 7,000 to Rs 8,000, opened accounts using these details, and supplied them to fraudsters.
  • An FIR has been registered under sections 318(4) and 3(5) of the Bharatiya Nyaya Sanhita at Samta Nagar police station.

Statistics:

  • Rs 60.82 crore funneled through 943 bank accounts linked to fraud transactions
  • 181 bank accounts linked to active cyber fraud schemes
  • 339 complaints nationwide, including:

+ 16 in Mumbai

+ 46 across Maharashtra

+ 277 from other states

  • 12 suspects arrested, with more expected to be apprehended
  • Rs 1.67 crore linked to Mumbai cases
  • Rs 10.57 crore from Maharashtra-related frauds
  • Rs 7,000 to Rs 8,000: cost of purchasing banking credentials for the syndicate

Sources:

  • Contify.com
  • Indian National Press (Bombay) Pvt. Ltd.
  • Copyright 2025 Indian National Press (Bombay) Pvt. Ltd.

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