Kanpur Police Dismantle Rs 125 Crore Cyber Fraud Syndicate, Arrest Eight
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KANPUR, India — Kanpur Police dismantled a high-tech cyber fraud syndicate on Wednesday, arresting eight individuals including five bank officials and alleged kingpin Rajveer Singh Yadav for facilitating money laundering operations worth 125 crore rupees ($15 million). The operation targeted a well-organized network accused of orchestrating digital arrest scams and routing illicit funds through shell companies and trust accounts.
The arrests were made following a coordinated crackdown on the syndicate's infrastructure, which utilized mule accounts to move stolen money across the country. Police stated the group specialized in 'digital arrest' frauds, where victims were coerced into transferring funds under the threat of arrest by impersonating law enforcement officials. The syndicate allegedly used these funds to finance further criminal activities through a complex web of fake firms.
Rajveer Singh Yadav, identified as the mastermind behind the operation, was among those taken into custody. Five bank officials were also arrested for their alleged roles in facilitating hawala transactions and opening accounts for the syndicate without proper due diligence. The officials are accused of bypassing regulatory checks to allow the rapid movement of illicit funds.
Investigators recovered several electronic devices and documents during raids on multiple locations in Kanpur. The seized materials are expected to provide further details on the network's international connections and the full extent of the financial losses suffered by victims. Police have not yet disclosed the total number of victims or the specific banks involved in the scheme.
The case highlights the growing sophistication of cyber fraud operations in India, where criminals increasingly exploit digital banking systems and impersonation tactics to defraud individuals. Authorities have warned the public to remain vigilant against unsolicited calls or messages claiming to be from law enforcement or financial institutions.
As the investigation continues, police are examining the financial trails left by the syndicate to recover the stolen funds. Legal proceedings against the arrested individuals are expected to begin in the coming weeks. The case remains under active investigation as authorities work to identify any remaining members of the network and trace the flow of the laundered money.