Technology · India Bureau
Mumbai police dismantle cyber-fraud ring with ₹24 crore, thousands of SIM cards
Three individuals have been arrested in connection with an organized cybercrime network that allegedly siphoned ₹24 crore through fraudulent schemes. The operation, which involved over 2,800 SIM cards, was busted following an investigation by Malad Police Station.
LSN India ·
The Mumbai Police have arrested three suspects linked to a sophisticated cyber-fraud network that authorities say orchestrated a multi-crore rupee scam using thousands of mobile SIM cards for illicit transactions. The case, registered at Malad Police Station, reveals the scale of organized financial crime operating in the metropolitan area.
According to police records, the alleged scheme involved criminal conspiracy, cheating through fraudulent delivery of property, and abetment charges under Bharatiya Nyaya Sanhita provisions. The investigation uncovered the involvement of multiple individuals acting with a common intention to defraud unsuspecting victims across the region.
The confiscation of 2,898 SIM cards suggests the network employed mass-scale methods to conduct transactions while maintaining anonymity. Such tactics are typically used by cybercriminals to evade detection and create multiple access points for fraudulent activities.
The case underscores the growing menace of organized cyber-fraud operations in India's financial centers. Law enforcement agencies have intensified efforts to dismantle such networks through coordinated investigations and technological surveillance.