In a major breakthrough, authorities have exposed a large cyber fraud racket in Uttar Pradesh’s Moradabad, where nearly ₹34 crore was routed through around 1,100 bank accounts linked to unsuspecting individuals.
Investigations revealed that these accounts were systematically used by cyber criminals between 2023 and now. Most account holders belonged to economically weaker sections and were lured with promises of benefits under government welfare schemes. These accounts were not used for regular banking, but only for fraudulent transactions.
So far, 1,100 accounts have been identified. Out of these, more than 500 have been closed, while the remaining are still active and under close monitoring.
Officials said the fraudsters followed a planned strategy. They targeted people in rural and semi-urban areas, convincing them to open bank accounts in exchange for small payments and false promises of scheme benefits. Once the accounts were opened, full control was taken by the criminals.
The stolen money was transferred into these accounts and quickly moved across multiple accounts within hours. This process, known as “layering,” made it difficult for investigators to trace the original source and identify the masterminds.
The highest number of such accounts was found in Moradabad. Accounts from Badaun, Sambhal, Rampur, and Bijnor were also used in the operation. Investigators are now working to link these accounts and track the key operators behind the network.
Authorities have contacted nearly 800 account holders so far. Most claimed they were misled into opening accounts and had no knowledge of the fraudulent transactions. Some admitted receiving small payments, while others were completely unaware that transactions worth lakhs or crores were passing through their accounts.
Officials warned that even if account holders are not directly involved, they could still face legal action, as their accounts play a key role in the fraud chain. Citizens have been advised not to share banking details or documents with unknown individuals.
He further cautioned that allowing someone else to use one’s bank account—even unknowingly—can make a person part of a criminal chain. Safeguarding financial information is critical.
Cyber police also highlighted that quick reporting helped freeze and recover nearly ₹9 crore in this case. This shows the importance of immediate action in cyber fraud incidents.
The case highlights how cybercrime is exploiting social and economic vulnerabilities, making awareness and caution essential as digital adoption continues to grow.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream LinkedIn | The Mainstream Facebook | The Mainstream Youtube | The Mainstream Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
