Bareilly co director rents out firm's account to fraudsters, held for aiding Rs 3.2cr cyber fraud
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The money was converted to USDT cryptocurrency and routed to wallets operating from Hong Kong, complicating recovery efforts.
Bareilly police said Pradeep Kumar Singh, director of Narayani Infratech, took Rs 75,000 in advance for allowing his firm's account to be used for fraud, with the remaining promised payment yet to be made. Police across Delhi, Maharashtra, Kerala, Tamil Nadu, Madhya Pradesh, Uttarakhand and other states had been tracking him.
Cybercell SHO Dinesh Sharma told TOI, "Our investigation found that Rs 3.2 crore obtained through fraud were transferred to Narayani Infratech's bank account on June 18 and 19. Of this, Rs 1.1 crore came from the account of a scientist posted at IVRI Bareilly who was digitally arrested by the fraudsters. The remaining amount was sent through fraud from other states. On June 20, the entire amount was withdrawn from the account, which was then frozen.
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Investigators seized three mobile phones, an Aadhaar card, a PAN card, and a crypto wallet from the suspects. They are analysing the wallet to establish links to an international network, which initial findings suggest operates from China.
SP (crime) Manish Sonkar said, "The investigation is progressing and the entire network will soon be dismantled. Nine suspects have been sent to jail in this case. Besides Pradeep, Mahfooz and Aman were also arrested and jailed on Sunday. Previously, the following six suspects from Lucknow, Mirzapur, Budaun, and other districts were also sent to jail."
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