Nagpur: The city cyber police have exposed an interstate banking racket allegedly involved in a Rs 2.87-crore online share trading fraud, arresting two key handlers from Mumbai’s Borivli area.
The gang reportedly has links with cyber crime networks operating in Hong Kong and Dubai, said police.
Police have seized 26 bank account kits and chequebooks, 11 debit cards, two laptops, 11 mobile phones, 11 company stamps, three digital signature tokens and identity documents belonging to other persons. The first accused, Kakasaheb Durunde of Patoda in Beed district, was arrested on Oct 15. Using internet banking records, mobile phone details and location analysis, the police traced two more accused and arrested them on Oct 30. The arrested accused have been identified as Bhupendra Mahavir Jain (32), a resident of Borivali, and Yogesh Parasmala Jain (37), from Beawar in Rajasthan.
Investigations revealed that he allegedly operated current accounts of several private companies and supplied them to cyber fraud handlers. Commissioner of police Vishwas Nangre Patil and senior officers formed a special investigation team under DCP (Cyber) Mahak Swami. The investigation was led by senior police inspectors Satish Ade and Sudhir Borkute. A police team conducted a six-day operation in Borivali, Mumbai. Police are searching for other gang members and international handlers.
The case relates to a Nagpur resident who was cheated of Rs 2.87 crore in 33 transactions after being promised huge returns through a fake share trading platform. The victim was initially attracted through a social media advertisement and later added to another group where the fraudsters allegedly persuaded him to invest money.