Four members of a cybercrime gang engaged in fraudulent operations utilizing bitcoin and leased bank accounts have been apprehended by the Sola High Court police. The Chinese gang responsible for the cyberattack reportedly received fraud money from the group.
The case
The group used cutting-edge online tools like Skype, Binance, and Telegram to pose as Mumbai Police Crime Branch officers and attorneys. Through video chats, they persuaded victims that they were connected to money laundering cases. They then used UPI techniques to illegally transfer funds from the victims’ bank accounts.
The arrested accused’s accounts were used to defraud one victim out of ₹97,894.44. The suspects were apprehended quickly as a result of the case, which was filed under many sections of the Indian Penal Code and the IT Act.
Four people have been arrested: Tanveer Jumabhai Madhra (30), a rickshaw driver from Junagadh whose account was used in the fraud; Jaimingiri Rajeshgiri Goswami (24) of Vastrapur, a known account leasing agent; Prince Mahendrabhai Ravipara (21), an alleged mastermind from Nikol; and Sahil Mehbubbhai Multani (25), another account rental agent from Junagadh.
Modus operandi
- The group used Google Translate to interact with foreign organizations, such as processors, by using Chinese cellphone phones (“+44…”).
- In return for USDT (a cryptocurrency), Prince Ravipara gave these processors the data of a leased bank account.
- Goswami, Madhra, and Multani were among the accomplices who handled the money sent into these accounts; they were paid commissions for their services.
Criminal history
The suspects have a history of cybercrime:
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Jaimingiri Goswami was wanted in fraud and IT Act breaches cases filed at the police stations in Palanpur and Modasa.
- In 2024, the Vadodara Cyber Crime Police detained Prince Ravipara for identical offenses, although he was later freed on bail.
When police seized the accused’s cell phones, they discovered that they had been in constant touch with individuals abroad. Investigators are looking into the gang’s connections to crimes both domestically and overseas. It was discovered throughout the inquiry that Prince transferred extorted money from victims using 14 leased accounts. These accounts were utilized for financial activities and were rented from random individuals at Rs 5,000 apiece.
“We have received complaints from 54 victims through the helpline number 1930, and we believe there may be more individuals who have been duped by these suspects,” said Balaram Meena, DCP zone-1.
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