A Retired Teacher Got Defrauded by ₹3.55 Lakhs Cyber Fraud in Varanasi -

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A Retired Teacher Got Defrauded by ₹3.55 Lakhs Cyber Fraud in Varanasi

Synopsis: A retired teacher was defrauded in a cyber fraud by ₹3.55 Lakhs of hefty amount. Police apprehended the culprit.

Varanasi, Uttar Pradesh: The accused has been arrested in the case of cyber fraud of ₹3.55 lakhs from a retired teacher in Varanasi. Cybercrime police arrested him on Wednesday near the second entrance of Cantt station. ₹71,000/- were recovered from him.

He had kept ₹55 lakh of cyber fraud in the bank account related to his fake firm. So far, 14 arrests have been made in the case. The accused has made a shocking revelation about the gang. He himself used to demand huge amounts by opening fake GST and bank accounts in the name of the firm.

According to cybercrime in-charge inspector Vijay Narayan Mishra, the name of the arrested youth is Pawan Singh. He is 20 years old. He is a resident of Malviya Nagar, Jaipur, Rajasthan. Pawan said during interrogation that he was associated with a gang of cyber criminals in order to earn quick money.

He used to open a bank account in the name of himself and his associates by showing the address of a rented house and giving it to cybercriminals. In return, he was given a hefty commission.

Modus Operandi of Cyber Fraudsters

He said that he and his friends used to open current accounts in the name of any company. In that, they used to ask for fraud money. A few days ago, in a case of fraud, Shampa Rakshit, a resident of Rath Yatra, was cheated by his associates by transferring money to various accounts, in which she also got a huge amount.

After a few days, I came to know from the bank that the account had been closed by the cyber police of Varanasi. He had reached Varanasi in this connection and was arrested by the police.

This is how the fraud happened

Shampa Rakshit was duped by a person claiming to be from the Telecom Regulatory Authority of India (TRAI). This caller warned Shampa that his mobile service would be closed soon.

After this, another fraudster, posing as a Mumbai Police officer, accused her of being involved in illegal activities and forced her to transfer money to the alleged RBI account for investigation.

About The Author:

Yogesh Naager is a content marketer who specializes in the cybersecurity and B2B space. Besides writing for the News4Hackers blog, he’s also written for brands including CollegeDunia, Utsav Fashion, and NASSCOM. Naager entered the field of content in an unusual way. He began his career as an insurance sales executive, where he developed an interest in simplifying difficult concepts. He also combines this interest with a love of narrative, which makes him a good writer in the cybersecurity field. In the bottom line, he frequently writes for Craw Security.

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