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Time of India
8 hours ago
- Time of India
1.5 lakh-page chargesheet filed in Rs 1,550Cr cyberfraud
Surat: The Udhna police on Monday filed a voluminous chargesheet running into a staggering 1.5 lakh pages in the Rs 1,550 crore cyber fraud racket, which was unearthed in May. The chargesheet was filed against four main accused of the 12 persons, including eight RBL Bank executives. The bankers allegedly facilitated the laundering of crores that were siphoned off in various online scams by opening mule accounts. All 12 are in judicial custody. During a routine vehicle checking drive on May 22, the police found some suspicious bank documents from a two-wheeler rider. The investigation trail led the police to expose what is being touted as one of the biggest cyber crimes in Gujarat. After 88 days of intense probing, police filed the chargesheet against four main accused- Kirat Jadwani, Meet Khokhar, Mayur Italiya, and Deep Khaini. Udhna police inspector S N Desai told TOI: "This chargesheet is only against the four main accused, and another will be filed against the eight bank officials in the near future as the investigation is underway. We have probed more than 200 witnesses in this case and unearthed 165 mule bank accounts, which the accused used to land cyber fraud money." The money trail was traced to 2,500 complaints of cyber scams lodged across the country, including 265 from Gujarat and 37 from Surat, said Desai. The accused were involved in cyberfraud operations run by Chinese gangs from Cuba, Malaysia, and Thailand. Police have seized Rs 2.5 crore in cash, 20 mobiles, and seven laptops/PCs in this case, and Rs 1.30 crore have been frozen in different bank accounts. The arrested RBL bank officials are from the Varachha, Sahara Darwaja and Vesu branches. They include Amit Gupta (area head), Arun Ghoghari (service delivery manager), Mancy Goti, Kalpesh Katheriya, Ashish Dhadiya, Anil Jani, Naresh Manani and Kalpesh Kakadiya. Investigation revealed that the accused received between Rs 20,000 and Rs 1 lakh per account opening to ignore missing documents or mandatory details. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
07-06-2025
- Time of India
Massive cybercrime racket busted in Surat: Rs 1,455 crore laundered through 90 bank accounts; accounts tied to Cuba, Malaysia, Thailand
SURAT: The investigation into a massive international cybercrime racket busted last month in Surat has revealed a staggering Rs 1,455 crore was laundered through 90 bank accounts that were opened by misusing documents of needy people over the last six months. The total amount siphoned off could rise to Rs 2,000 crore, as the police are yet to examine details of another 75 suspicious accounts. The racket was unearthed on May 22, when Udhna police detained a man carrying suspicious stamps and bank kits. The probe led to a raid at an office in Mota Varachha operated by Kirat Jadwani, Meet Khokhar, and Mayur Italiya, all of whom were subsequently arrested. Police recovered a trove of incriminating documents, cash, stamps, and banking kits. According to investigators, an international cybercrime syndicate — with operatives based in Cuba, Malaysia, and Thailand — used these accounts to park defrauded money linked to various online scams. The accounts were opened in private banks such as RBL, Axis, Yes Bank, and Kotak Mahindra, primarily through their branches in Vesu, Sahara Darwaja, and Varachha. Another major revelation during the probe was that 2,500 cybercrime complaints across India were linked to 165 bank accounts connected with the accused. Of these, 265 complaints were from Gujarat, including 36 from Surat cyberfraud victims alone. Deputy commissioner of police (zone-2) Bhagirath Gadhvi confirmed that Rs 1,455 crore worth of transactions were recorded in the 90 RBL bank accounts scrutinized over the past six months. "Some accounts had transactions ranging between ₹10 crore and ₹50 crore. Complaints on the national cybercrime portal confirmed these accounts were used to route funds from digital arrest scams, online betting, and other cyber frauds," Gadhvi told TOI. Udhna police inspector SN Desai added, "We found 2,500 cybercrime complaints linked to these accounts nationwide. The scale and spread of this fraud are unprecedented." Jadwani, one of the key accused, had reportedly suffered heavy losses in the warehouse business after which he turned to cybercrime in July 2024. He would identify individuals in financial distress and pay them up to Rs 8 lakh in exchange for their identity documents, which were then used to open current accounts. Some of these accounts were also opened in the names of non-existent companies. Jadwani allegedly earned around Rs 10 crore in commissions for renting out these accounts to cybercriminals. Desai added: "We found Rs 1.40 crores from Jadwani's accounts, which were frozen. In 90 bank accounts we checked, we found that Rs 1.10 crores was seized by different agencies and banks." Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
Time of India
07-06-2025
- Time of India
Massive cybercrime racket busted in Surat: Rs 1,455 crore laundered through 90 bank accounts
SURAT: The investigation into a massive international cybercrime racket busted last month in Surat has revealed a staggering Rs 1,455 crore was laundered through 90 bank accounts that were opened by misusing documents of needy people over the last six months. The total amount siphoned off could rise to Rs 2,000 crore, as the police are yet to examine details of another 75 suspicious accounts. The racket was unearthed on May 22, when Udhna police detained a man carrying suspicious stamps and bank kits. The probe led to a raid at an office in Mota Varachha operated by Kirat Jadwani, Meet Khokhar, and Mayur Italiya, all of whom were subsequently arrested. Police recovered a trove of incriminating documents, cash, stamps, and banking kits. According to investigators, an international cybercrime syndicate — with operatives based in Cuba, Malaysia, and Thailand — used these accounts to park defrauded money linked to various online scams. The accounts were opened in private banks such as RBL, Axis, Yes Bank, and Kotak Mahindra, primarily through their branches in Vesu, Sahara Darwaja, and Varachha. Another major revelation during the probe was that 2,500 cybercrime complaints across India were linked to 165 bank accounts connected with the accused. Of these, 265 complaints were from Gujarat, including 36 from Surat cyberfraud victims alone. Deputy commissioner of police (zone-2) Bhagirath Gadhvi confirmed that Rs 1,455 crore worth of transactions were recorded in the 90 RBL bank accounts scrutinized over the past six months. "Some accounts had transactions ranging between ₹10 crore and ₹50 crore. Complaints on the national cybercrime portal confirmed these accounts were used to route funds from digital arrest scams, online betting, and other cyber frauds," Gadhvi told TOI. Udhna police inspector SN Desai added, "We found 2,500 cybercrime complaints linked to these accounts nationwide. The scale and spread of this fraud are unprecedented." Jadwani, one of the key accused, had reportedly suffered heavy losses in the warehouse business after which he turned to cybercrime in July 2024. He would identify individuals in financial distress and pay them up to Rs 8 lakh in exchange for their identity documents, which were then used to open current accounts. Some of these accounts were also opened in the names of non-existent companies. Jadwani allegedly earned around Rs 10 crore in commissions for renting out these accounts to cybercriminals. Desai added: "We found Rs 1.40 crores from Jadwani's accounts, which were frozen. In 90 bank accounts we checked, we found that Rs 1.10 crores was seized by different agencies and banks." Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
Time of India
07-06-2025
- Time of India
Surat cybercrime probe uncovers Rs 1,455 crore laundered via 90 bank accounts linked to Global syndicate
SURAT: The investigation into a massive international cybercrime racket busted last month in Surat has revealed a staggering Rs 1,455 crore was laundered through 90 bank accounts that were opened by misusing documents of needy people over the last six months. The total amount siphoned off could rise to Rs 2,000 crore, as the police are yet to examine details of another 75 suspicious accounts. The racket was unearthed on May 22, when Udhna police detained a man carrying suspicious stamps and bank kits. The probe led to a raid at an office in Mota Varachha operated by Kirat Jadwani, Meet Khokhar, and Mayur Italiya, all of whom were subsequently arrested. Police recovered a trove of incriminating documents, cash, stamps, and banking kits. According to investigators, an international cybercrime syndicate — with operatives based in Cuba, Malaysia, and Thailand — used these accounts to park defrauded money linked to various online scams. The accounts were opened in private banks such as RBL, Axis, Yes Bank, and Kotak Mahindra, primarily through their branches in Vesu, Sahara Darwaja, and Varachha. Another major revelation during the probe was that 2,500 cybercrime complaints across India were linked to 165 bank accounts connected with the accused. Of these, 265 complaints were from Gujarat, including 36 from Surat cyberfraud victims alone. Deputy commissioner of police (zone-2) Bhagirath Gadhvi confirmed that Rs 1,455 crore worth of transactions were recorded in the 90 RBL bank accounts scrutinized over the past six months. "Some accounts had transactions ranging between ₹10 crore and ₹50 crore. Complaints on the national cybercrime portal confirmed these accounts were used to route funds from digital arrest scams, online betting, and other cyber frauds," Gadhvi told TOI. Udhna police inspector SN Desai added, "We found 2,500 cybercrime complaints linked to these accounts nationwide. The scale and spread of this fraud are unprecedented." Jadwani, one of the key accused, had reportedly suffered heavy losses in the warehouse business after which he turned to cybercrime in July 2024. He would identify individuals in financial distress and pay them up to Rs 8 lakh in exchange for their identity documents, which were then used to open current accounts. Some of these accounts were also opened in the names of non-existent companies. Jadwani allegedly earned around Rs 10 crore in commissions for renting out these accounts to cybercriminals. Desai added: "We found Rs 1.40 crores from Jadwani's accounts, which were frozen. In 90 bank accounts we checked, we found that Rs 1.10 crores was seized by different agencies and banks." Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
Time of India
06-06-2025
- Time of India
Rs 1,455 cr siphoned off in cybercrimes laundered using 90 bank accounts
Surat: The investigation into a massive international cybercrime racket busted last month in Surat has revealed a staggering Rs 1,455 crore was laundered through 90 bank accounts that were opened by misusing documents of needy people over the last six months. The total amount siphoned off could rise to Rs 2,000 crore, as the police are yet to examine details of another 75 suspicious accounts. The racket was unearthed on May 22, when Udhna police detained a man carrying suspicious stamps and bank kits. The probe led to a raid at an office in Mota Varachha operated by Kirat Jadwani, Meet Khokhar, and Mayur Italiya, all of whom were subsequently arrested. Police recovered a trove of incriminating documents, cash, stamps, and banking kits. According to investigators, an international cybercrime syndicate — with operatives based in Cuba, Malaysia, and Thailand — used these accounts to park defrauded money linked to various online scams. The accounts were opened in private banks such as RBL, Axis, Yes Bank, and Kotak Mahindra, primarily through their branches in Vesu, Sahara Darwaja, and Varachha. Another major revelation during the probe was that 2,500 cybercrime complaints across India were linked to 165 bank accounts connected with the accused. Of these, 265 complaints were from Gujarat, including 36 from Surat cyberfraud victims alone. Deputy commissioner of police (zone-2) Bhagirath Gadhvi confirmed that Rs 1,455 crore worth of transactions were recorded in the 90 RBL bank accounts scrutinized over the past six months. "Some accounts had transactions ranging between ₹10 crore and ₹50 crore. Complaints on the national cybercrime portal confirmed these accounts were used to route funds from digital arrest scams, online betting, and other cyber frauds," Gadhvi told TOI. Udhna police inspector SN Desai added, "We found 2,500 cybercrime complaints linked to these accounts nationwide. The scale and spread of this fraud are unprecedented." Jadwani, one of the key accused, had reportedly suffered heavy losses in the warehouse business after which he turned to cybercrime in July 2024. He would identify individuals in financial distress and pay them up to Rs 8 lakh in exchange for their identity documents, which were then used to open current accounts. Some of these accounts were also opened in the names of non-existent companies. Jadwani allegedly earned around Rs 10 crore in commissions for renting out these accounts to cybercriminals. Desai added: "We found Rs 1.40 crores from Jadwani's accounts, which were frozen. In 90 bank accounts we checked, we found that Rs 1.10 crores was seized by different agencies and banks." Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
