The special operation group (SOG) and Jamnagar cybercrime police discovered a criminal scheme that used rented bank accounts to transfer funds stolen through internet fraud to the masterminds.
The four arrested individuals were entrusted with moving the money to the kingpins as soon as possible and convincing others to rent their current accounts so that the money could be sent and received. According to investigators, the operation appears to be run from the Philippines.
A police crew stormed a hotel behind Oswal Hospital after receiving intelligence about suspected activity. Four guys were taken into custody: Tushar Ghetia from Jamnagar; M. D. Badsha from Hooghly district, West Bengal; Rahul Narola (19) from Varachha, Surat; and Avinash Prasad Mahto (38), from Ramgarh district, Jharkhand.
Police confiscated a number of things, including laptops, mobile SIM cards, multiple chequebooks, and eight debit cards from various bank branches in West Bengal and Jharkhand.
Speaking to the media, I A Ghasura, inspector of the cybercrime police station, said, “These people were staying in Jamnagar for the last week through a local contact. They were operating the bank accounts rented and used to transfer the cyber fraud money into various beneficiary accounts.”
“They are involved in arranging the bank accounts for an online gaming and betting application called ‘Dafabet’ that is operated from the Philippines,” Ghasura said.
According to the study, the application committed small-scale fraud that frequently remained unnoticed by victims, but the total amount of fraud committed was significant—cruples.
Police say that any fraudulently used account can be frozen at any time. These individuals would instantly move the money into a number of different accounts in order to prevent the money deposited into these accounts from being banned. In order to enable big transactions, they were renting current accounts and giving account holders a 4% commission.
Two suspects are still at large: Raj Champavat from Jodhpur, Rajasthan, and Bhargav Chudasama from Surat.
Small city chosen
The gang chose Jamnagar, believing its location would help avoid detection, considering that it’s a small city. “The proceeds of fraud are transferred to several accounts before reaching the accounts of the actual perpetrators. In cyber fraud, there is a wall between the first and second layers, which is maintained. These people don’t know for whom they were working, as the masterminds communicate with them through messaging apps. We are investigating which accounts these people have transferred the money into and how the money is sent outside India,” Ghasura added.
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