Bulandshahr : A PhD scholar, former private bank staff, an employee with payments gateway and other youths were among eight members of a cyber fraud gang arrested by Baghpat cyber crime police on Thursday for allegedly cheating insurance policyholders across the country by posing as officials of insurance companies.
Police said NCRP records showed 51 complaints linked to the gang involving around Rs 1.20 crore, with its network spread across over 12 states. You Can Also Check: Gold Rate in Meerut | Silver Rate in Meerut | Bank Holidays in Meerut | Public Holidays in Meerut | Meerut AQI | Weather in Meerut | Petrol Price in Meerut | Diesel Price in Meerut | CNG Price in Meerut | LPG Price in Meerut Stay updated with the latest Meerut news.
The accused, most of them educated along with a PhD scholar, Nishant Kumar of Meerut, targeted policyholders by offering to revive lapsed policies or promising bonuses and other benefits, according to police. Police said one of the accused acted as the “leader” of the gang, training other members in methods of carrying out insurance-related fraud. Most of them are residents of Meerut and Ghaziabad ,” said Baghpat SP Suraj Kumar Rai. Police said that those arrested were in their early and mid 20s.
After gaining their confidence, they allegedly demanded money in the name of renewal fees, processing charges and taxes and got the amounts transferred into bank accounts controlled by the gang. Some members had prior experience of working in private banks and a payments bank, which allegedly helped them understand banking procedures and handle the money trail. “During investigation, we found that the accused had developed a well-organised network and were targeting victims in different parts of the country. Their educational and banking backgrounds helped them execute the fraud in a systematic manner. They were working from their homes or remote areas in Noida. Police teams traced their locations and arrested them. They added that a group chat recovered during the probe showed that members were alerted after one of their associates was arrested, with a message asking others to flee. The gang allegedly routed the cheated money via multiple bank accounts before withdrawing it through ATMs. Download the TOI App.