Gujarat Police Dismantle Rs 310 Crore Cyber Fraud Ring; Five Arrested
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AHMEDABAD, India — Gujarat police arrested five individuals on Saturday in connection with a massive cyber fraud operation that involved over 310 crore rupees ($37.5 million) in suspicious transactions through mule bank accounts.
The investigation team identified Akash Pala as the primary accused behind the network. Alongside Pala, authorities detained Deepak Giri, Hiren Rajgor, Ajay Dafda and Ashutosh Thakar during coordinated raids across the western state of Gujarat on June 14, 2026.
Police stated that the group operated a sophisticated digital fraud mechanism utilizing multiple bank accounts to launder illicit funds. The operation reportedly spanned several months before investigators traced the financial trail leading to the arrests. Authorities seized electronic devices and documents during the crackdown as part of their ongoing probe into money laundering activities linked to online scams.
The five suspects are currently in police custody while interrogations continue regarding the full extent of the criminal enterprise. Officials have not yet disclosed specific details about how victims were targeted or which sectors were affected by the fraudulent transactions totaling 310 crore rupees ($37.5 million).
Gujarat’s cyber crime unit has been actively pursuing digital fraud cases in recent months, with this arrest marking one of the largest takedowns involving financial crimes within the state. Law enforcement officials described the dismantling of the network as a significant blow to organized cyber criminal activities operating out of western India.
While police confirmed the seizure of evidence and recovery of some funds, questions remain about whether additional accomplices are still at large or if other bank accounts linked to the scheme have been identified but not yet frozen. Investigators also face challenges in tracing international connections that may exist within this financial network given the scale of transactions involved.
No official statement has been released regarding potential charges against the arrested individuals beyond their detention for questioning. Legal proceedings are expected to follow once preliminary investigations conclude and formal complaints are filed with local courts.
The case highlights growing concerns over digital fraud operations in India, where cyber criminals increasingly exploit banking systems through complex money laundering techniques involving mule accounts—bank accounts controlled by others used to move stolen funds without detection.