Latest news with #NarayaniInfratech
Time of India
a day ago
- Time of India
Bareilly co director rents out firm's account to fraudsters, held for aiding Rs 3.2cr cyber fraud
Bareilly: Police on Monday arrested the director of a Bareilly-based company for renting out his firm's bank account to cybercriminals, who used it to siphon Rs 3.2 crore from victims across 11 states. Tired of too many ads? go ad free now 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 On June 20, the entire amount was withdrawn from the account, which was then frozen. " 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."
Time of India
2 days ago
- Time of India
Cyber fraud mastermind held in Bareilly; Rs 3.2 crore sent to crypto accounts abroad: scam linked to 11 states
Representative Image BAREILLY: In a major breakthrough, Bareilly police on Monday arrested Pradeep Kumar Singh, the director of Narayani Infratech, who was a key player in a cyber fraud network spanning 11 states. The investigation revealed that Pradeep rented out his company's bank account to cybercriminals for Rs 20 lakh. Through this account, illegal transactions worth Rs 3.2 crore were conducted. It was found that the fraudsters converted the duped money into USDT cryptocurrency and transferred it into wallets operating from Hong Kong, making it difficult for the police to recover the money. Bareilly's Cyber Cell SHO Dinesh Sharma told TOI, 'Pradeep received an advance of Rs 75,000 but was apprehended before receiving the remaining amount. Following his arrest, police from other states are also preparing to take him into remand custody. Police from Delhi, Maharashtra, Kerala, Tamil Nadu , Madhya Pradesh, Uttarakhand, and other states were pursuing this fraudster, but Bareilly police succeeded in capturing him." Sharma further said, 'Rs 3.2 crore were transferred into a single account of Pradeep's company. The investigation found that on June 18 and 19, Rs 3.2 crore obtained through fraud were transferred to Narayani Infratech's bank account. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Turn Nervous Into Natural – Book a Free Demo Today Planet Spark Book Now Undo Of this, Rs 1.10 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." Three mobile phones, an Aadhaar card, a PAN card, and a crypto wallet were recovered from the arrested suspects. The crypto wallet is being investigated, which could confirm an international network. Initial investigations suggest that this cyber fraud ring operates from China. SP Crime Manish Sonkar said, 'The investigation is progressing rapidly and the entire network will soon be dismantled. A total of 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."
