World · India Bureau
Police arrest cyber fraud kingpin accused of ₹1,071 crore scam
Authorities have arrested the mastermind behind a major cybercrime operation that allegedly laundered stolen funds through thousands of bank accounts. The suspect is accused of distributing illicit money across 1,754 accounts within an hour, with alleged links to Chinese-based cyber criminals.
LSN India ·
Police have arrested a key figure in a large-scale cyber fraud operation allegedly responsible for losses exceeding ₹1,071 crore. According to investigators, the suspect operated a sophisticated money laundering scheme that involved rapidly distributing fraudulently obtained funds across multiple bank accounts.
The modus operandi employed by the accused involved collecting money from various cybercrime activities, including digital arrest scams and other online fraud schemes. Police said the suspect would partition incoming illicit funds within one hour and subsequently transfer them to 1,754 different bank accounts, effectively obscuring the money trail.
Investigators revealed that the arrested individual maintained connections with cybercriminal networks based in China. The transnational links suggest the operation was part of a larger organized fraud ecosystem operating across borders.
The arrest marks a significant development in ongoing efforts by law enforcement to dismantle cybercrime networks targeting Indian citizens. Authorities continue investigating the suspect's associates and the extent of the criminal network's operations.