In a major crackdown, Kanpur police have exposed an alleged ₹125 crore cyber fraud network that operated through a commission-based model, involving bank staff, delivery personnel, and local operatives. So far, 8 accused have been arrested, while several others remain absconding as the investigation continues.
Authorities revealed that the syndicate siphoned off nearly ₹90 lakh in just 14 days using fake accounts, forged documents, and layered financial transactions. The operation was structured in a way where each participant received a fixed commission based on their role.
Those responsible for arranging bank accounts were paid per account, while delivery personnel were used to procure SIM cards and documents needed to open or operate these accounts. This setup allowed the network to scale quickly by recruiting local individuals and dividing responsibilities, making early detection difficult.
Investigators are also examining the role of certain bank employees suspected of assisting in activating fraudulent accounts and overlooking suspicious transactions. Their understanding of banking systems reportedly helped move funds across multiple accounts without immediate detection.
The stolen money was routed through several layers of transactions to hide its origin and destination. Officials said the funds were eventually withdrawn through different channels or circulated further within the network, complicating efforts to trace the money trail.
The case has raised concerns about gaps in account verification, transaction monitoring, and internal accountability within financial institutions.
Authorities added that such fraud networks often target victims through calls, messages, and online platforms. They use fake offers, investment schemes, or threats of legal action to pressure individuals into making quick payments.
The investigation is ongoing, with efforts focused on tracking absconding suspects and dismantling the financial infrastructure behind the racket. More details are expected as interrogations and financial analysis continue.
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