The Uttar Pradesh cyber crime police have launched an extensive probe into an alleged Rs 1.64 crore online trading scam, placing over 150 individuals from Jaspur town in Udham Singh Nagar district under investigation. The case, which surfaced in August this year, has led to the arrest of four men connected to an inter-state cyber syndicate operating between India and Nepal.
According to cyber crime SHO Manoj Parmar, the fraud came to light after a businessman from Moradabad was cheated of Rs 1.64 crore through an online trading platform. “Probe revealed that one of the accused, Aqib Javed of Nai Basti in Jaspur, opened several bank accounts on the instructions of his associate Adnan Hussain. Aqib allegedly took more than 100 account holders to Nepal, where they were confined to a hotel and their accounts were used to route fraud money from victims in Haryana, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Telangana, and Delhi,” he said.
Parmar added, “The account holders were kept under watch in Nepal, while the accused used hotel Wi-Fi to transfer crores of funds. Once the transactions were complete, the account holders were released and paid for their role.”
As the investigation deepened, several more names from Jaspur emerged, linking them to the large-scale money-laundering network. Police have so far arrested Adnan Hussain, his brother Khilafat Hussain, Aqib Javed, all residents of Nai Basti, and Aman from the Julahan area.
Investigators found that Aqib operated a firm in Jaspur whose bank account received nearly Rs 2.8 crore from cyber frauds across multiple states. Moradabad SP (Crime) Subhash Chandra Gangwar said, “Around Rs 47 lakh have been frozen in over 200 bank accounts, and Rs 20 lakh have been refunded to the victim’s account.”
Police also revealed that Aqib faces another fraud case worth Rs 3.2 crore in Telangana, while several complaints have been registered against Aqib and Aman in nine different states. The SHO confirmed that investigations are ongoing to identify other members of the cross-border cyber syndicate.
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