Latest news with #VinayakBaranwal
Indian Express
4 days ago
- Indian Express
Thane man whose account was used in 106 cyber fraud offences held: Police
A 28-year-old man from Thane was arrested Sunday after his bank account was allegedly used in around 106 cyber offences across the country to move crores in the past three months. The accused, identified as Vinayak Baranwal, told the police that while his account was operational since 2021, it was over the past three to four months that he was offered a commission in exchange for providing his bank account to transfer money obtained through cyber fraud, an official said. The north region cyber police arrested Banarwal while investigating a case where a Dahisar resident lost Rs 27.44 lakh in an investment scam. An official said that while going through his account, they found that in 106 cases of cyber crimes across the country, money had been transferred to his account. An officer said that during interrogation, the accused, who is into auto insurance, claimed that a few months ago, one of his friends told him that he could earn commission by just allowing his account to be used by others. The officer said that since the past four months, a few crores came to his account including Rs 2.3 lakh of the Rs 27.44 lakh that had been siphoned off the account of a 58-year-old woman from Dahisar. On June 3, she was added to an WhatsApp group for investment and over a period of time she was made to download an app and under various pretexts asked to pay Rs 27.44 lakh. 'In order to evade law enforcement agencies, cyber criminals break down the siphoned amount into small sums and transfer it through various bank accounts,' an official said. 'In this case, we were tracing Rs 4 lakh that had been transferred from the account of the Dahisar resident. Of this, we saw Rs 2.3 lakh came to the account of the accused and the money was soon transferred to another account. When the police checked the various accounts, only the accused's account was active following which he was arrested,' the official added. The police are still looking for the masterminds who carried out the scam. In a majority of these cases especially related to investment scams, Indians duped into going to Southeast Asian countries are made to carry out the crimes. The money is routed through various bank accounts and then converted into crypto currency and sent abroad.
News18
4 days ago
- News18
Thane man held for handling bank account used by online criminals to dupe people
Agency: PTI Mumbai, Jul 28 (PTI) A man was arrested for allegedly being the 'active handler" of an account of a syndicate of cyber fraudsters accused of duping people of several lakh rupees by promising high returns in share trading, a police official said on Monday. Vinayak Baranwal (28), a resident of Kasheli in neighbouring Thane, was apprehended by North Region cyber police station on Sunday, he said. 'Baranwal was an active handler of the bank accounts that were used by cyber fraudsters to dupe people after assuring them high returns in share trading. The probe began on June 10 after a 58-year-old woman approached Dahisar police station stating she had been cheated of Rs 27.44 lakh," he said. 'The bank account in which her money was deposited was traced. While examining her account, police found the money was transferred to another bank account. It was also used in connection with similar cheating cases nationwide. There are 106 complaints connected to this account," the official said. Technical analysis showed the account was being used by Baranwal, who was then held from Thane, he said. PTI DC BNM Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
