- Behind Rs 200-crore fraud and laundering to Dubai, say police
- Gujarat Police bust major cybercrime ring accused of laundering Rs 200 crore through fake accounts and Dubai-based channels
The Gujarat Police on Monday announced the arrest of six individuals allegedly involved in a Rs 200-crore cybercrime and money-laundering racket operating across multiple districts in the state. According to officials, the syndicate used hundreds of mule bank accounts to funnel stolen money and launder it to Dubai, UAE, through Angadia channels and cryptocurrency conversions, reported indianexpress.com.
The arrests were made by the Cyber Centre of Excellence, which tracked the suspects across Morbi, Surendranagar, and Surat. Those detained were identified as Mahendra Shamji Solanki, Rupen Pranjeevan Bhatia, Rakesh Kanti Laniya, Rakeshkumar Chaman Dekadiya, Vijay Natha Khambhalia, and Pankaj Babu Kathiriya. Police also seized 12 mobile phones and two SIM cards from their possession.
Cyber syndicate linked to 386 fraud cases involving digital arrests and job scams, say police
According to PI H. J. Parmar of the Cyber Centre of Excellence, investigators uncovered the racket while tracing financial transactions from multiple cybercrime complaints. The accused are believed to have executed 386 fraudulent operations, including digital arrest scams, online job frauds, and financial cons, by exploiting unsuspecting victims.
Police revealed that the group maintained nearly 100 dummy bank accounts under fictitious names to circulate illicit funds before transferring them abroad. The syndicate allegedly even registered a shop at the Agricultural Produce Market Committee (APMC) in Lakhtar, Surendranagar, to give their activities a legitimate front.
Authorities are now investigating the foreign links of the operation and the channels used to route money to Dubai, with efforts underway to track cryptocurrency wallets tied to the network.
The Gujarat Police said that this case exposes how organized cyber syndicates are increasingly using international laundering networks to move stolen funds out of India.
