Archive · 22 Aug 2025
Mumbai Police Busted Cyber Fraud Racket, 12 Arrested
In Mumbai, a group of people were caught running a scheme where they bought bank accounts from others.
They paid between 5,000 and 7,000 rupees for each account.
Then, they used these accounts to move money that cybercriminals stole from people across India.
The police arrested 12 people and found that the group had moved over 60 crore rupees using nearly 950 bank accounts.
They also seized over 100 SIM cards, likely used to help with the fraud.
Mumbai police arrested 12 individuals for their involvement in a cyber fraud racket.
The gang allegedly purchased bank accounts to facilitate the transfer of money obtained through cyber fraud.
Scammers siphoned off ₹60.82 crore from victims across India using the purchased bank accounts.
Police seized over 100 SIM cards, passbooks, and cheque books during the investigation.
The arrested individuals used 943 bank accounts to transfer the illegal funds, including ₹10.57 crore from victims in Maharashtra.
- Who
- Mumbai Police arrested 12 individuals involved in the cyber fraud racket.
- What
- A cyber fraud racket that purchased bank accounts for illegal transactions.
- When
- Recent arrests made after an investigation.
- Where
- Mumbai, India, with crimes occurring across India.
- Why
- To facilitate the transfer of money obtained through cyber fraud and evade law enforcement.
- Total Amount Stolen
- ₹60.82 crore
- Number of Arrests
- 12
- Bank Accounts Used
- 943
- SIM Cards Seized
- Over 100
- Modus Operandi
- Purchasing bank accounts to transfer stolen funds
- Location of Raid
- Kandivali, Mumbai
- Amount Stolen in Maharashtra
- ₹10.57 crore
Sources
Mumbai Man Arrested After Duping 81-Year-Old Woman Of Rs 7.8 Crore
Elderly Duped of Rs 7.11 L in WhatsApp Scam
Cybercrime police bust Rs 2 crore trading fraud
Mumbai police bust gang involved in digital arrests, cyber fraud; 12 held
Mumbai Cyber Fraud Racket Busted: 12 Held in ₹60 Crore Scam Using Bank Accounts, SIM Cards
