₹719 crore cyber fraud busted in Gujarat, 10 arrested

News Topical, Digital Desk : Gujarat police have busted a major cyber fraud network and arrested 10 people, including bank employees. The gang was involved in interstate and international cyber frauds worth ₹719 crore.

According to officials, the accused had connections to cybercriminals based in Dubai and China. An investigation by the Gandhinagar-based Cyber ​​Security Center of Excellence revealed that the gang deposited proceeds of cyber fraud across the country into accounts opened using fake Aadhaar and PAN cards, which were then converted into cash and cryptocurrency and sent to Dubai and China.

The stolen money was transferred through cheque withdrawals, online apps, crypto transactions and through liabilities. According to an official statement, the police traced the gang through technical analysis.

Fraudulent activities were carried out in 26 states.

The gang has committed a total of 1,594 cyber frauds across 26 states and six union territories. Maharashtra accounts for the highest number of these cases (300) and Tamil Nadu (203). Similarly, the gang has targeted 88 people in Uttar Pradesh and 74 in Delhi.

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