Archive · 11 Dec 2025
5 Charged in Rs 104-Crore Gujarat Cyber Fraud
Five people have been charged in a big cyber fraud case in Gujarat, India.
They tricked people out of Rs 104 crore using fake investment advice, pretending to be officials, and other scams.
The main person behind the fraud, Bassam Makbul, is still missing and is believed to have fled to an Arab country.
The accused used fake bank accounts and cryptocurrencies to hide the money.
The authorities have frozen some of their properties worth Rs 2.13 crore.
The investigation is still ongoing.
Five people charged in a Rs 104-crore cyber fraud case in Gujarat, with the mastermind Bassam Makbul still missing.
Accused defrauded victims across India using fake investment advisories, impersonation, and extortion schemes.
Money was laundered through fake bank accounts, hawala channels, and converted into cryptocurrencies like USDT.
Three properties worth Rs 2.13 crore were provisionally attached by the Enforcement Directorate.
Further investigation into the case is currently underway.
- Who
- Makbul Abdul Rehman, Kaashif Makbul, Mahesh Mafatlal Desai, Om Rajendra Pandya, Mitesh Gokulbhai Thakkar (arrested); Bassam Makbul (missing)
- What
- Cyber fraud case worth Rs 104 crore
- When
- Prosecution complaint filed on Wednesday; arrests made in October
- Where
- Gujarat, India
- Why
- To defraud victims across India using multiple cyber fraud schemes and launder the proceeds
- Total Fraud Amount
- Rs 104 crore
- Arrested Accused
- Makbul Abdul Rehman, Kaashif Makbul, Mahesh Mafatlal Desai, Om Rajendra Pandya, Mitesh Gokulbhai Thakkar
- Missing Mastermind
- Bassam Makbul
- Properties Attached
- 3 immovable properties worth Rs 2.13 crore
- Act
- Prevention of Money Laundering Act, 2002
- Agency
- Enforcement Directorate (ED)
