Cyber ​​fraud was being run from an engineering college in Puducherry; 7 students arrested for fraud worth Rs 90 crore.

News Topical, Digital Desk : Cybercrime police in Puducherry have busted a cyber fraud network that allegedly operated from within an engineering college. Investigating officials have described it as a hub of cybercrime.

Police discovered that students were involved in a racket involving a ₹90 crore scam involving selling the bank accounts of their friends and classmates to cybercriminals. Investigators say the criminals allegedly laundered the money through India, then sent it to Dubai and converted it into cryptocurrency through a Chinese network.

How did the whole matter come to light?

The matter came to light when two engineering students contacted the police. The bank accounts of two students, Dinesh and Jaipratap, were suddenly frozen. The two students stated that they had shared their account details with their friend, Harish.

Police investigations found that these accounts were used as dummy accounts to deposit the scam proceeds. Investigating officials said at least ₹7 crore (approximately $1.7 billion) was withdrawn from these accounts.

Police arrested seven accused

Police have so far arrested seven people, including four engineering graduates, in connection with the case. The arrested youths include Thomas alias Hayagriva, Harish, Ganesan, Govindaraj, Yashvin, Rahul, and Ayyappan.

Police have seized Rs 5 lakh in cash, 171 cheque books, 75 ATM cards, 20 mobile phones, laptops, computers, several bank passbooks, credit cards and a Hyundai Verna car from them.  

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