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Four Arrested In Indore Over Cyber Fraud Bank Accounts
Police in Indore arrested four people over alleged cyber fraud.
They are accused of trading bank accounts for use by fraudsters.
Police said one account was opened and handed over with its banking materials for ₹2,000.
It was then allegedly sold for ₹5,000 and later ₹10,000.
Investigators believe money taken from people was moved through these accounts.
The alleged fraud involved promises to exchange USDT cryptocurrency for Indian rupees.
One linked account was connected to complaints from Andhra Pradesh and Uttar Pradesh.
Police are still looking for another alleged associate and continuing the investigation.
Four people were arrested in Indore for allegedly buying and selling bank accounts used in cyber fraud.
Police identified the accused as Monish Mandloi, Piyush Kushwah, Rishi Pawar and Sujal Soni.
Police said another alleged associate, Rupesh Mangrolia, is being sought.
An account allegedly changed hands for ₹2,000, ₹5,000 and then ₹10,000.
Police said fraud proceeds linked to USDT conversion were routed through several accounts, including one connected to complaints in Andhra Pradesh and Uttar Pradesh.
- Who
- Four people identified as Monish Mandloi, Piyush Kushwah, Rishi Pawar and Sujal Soni were arrested; Rupesh Mangrolia is being sought.
- What
- Police allege the group bought and sold bank accounts for use in cyber fraud.
- Where
- Indore, Madhya Pradesh, with linked complaints in Andhra Pradesh and Uttar Pradesh.
- When
- The arrests were reported on Friday; the article does not provide an exact date.
- Why
- Police allege the accounts were used to route money obtained through fraudulent USDT-to-Indian-rupee conversion schemes.
Key facts
- Arrests
- Four people were arrested in Indore.
- Suspect sought
- Police are searching for Rupesh Mangrolia, 26.
- Account transaction
- Police said an account was transferred for ₹2,000, then ₹5,000, and later ₹10,000.
- Alleged fraud method
- Money was allegedly obtained by promising to convert USDT cryptocurrency into Indian rupees.
- Linked complaints
- One account was connected to cyber fraud complaints in Andhra Pradesh and Uttar Pradesh.
- Legal action
- A case was registered under the Bharatiya Nyaya Sanhita and the Information Technology Act.
Quotes
Aman Singh Rathore
Deputy Commissioner of Police in Indore overseeing the investigation
“During questioning, Mandloi claimed that he opened a bank account at Kushwah’s request and handed over the entire bank kit, including the passbook, cheque book and ATM card, to him for ₹2,000. Kushwah then sold the account to Pawar for ₹5,000, who further sold it for ₹10,000”
freepressjournal.in
“One of the bank accounts linked to the gang was found to be connected to cyber fraud complaints registered in Andhra Pradesh and Uttar Pradesh”
freepressjournal.in
Sources
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