Rajasthan Gang Arrested for Rs 4 Crore Electronic Fraud

A 13-member gang from Rajasthan was arrested for defrauding electronics showrooms in Hyderabad of Rs 4 crore. Using UPI payments and fraudulent chargeback complaints, the gang tricked banks into refunding money, which they shared among themselves. Police seized Rs 1.72 lakh in cash and electronic goods worth Rs 50 lakh.

A thirteen-member gang from Rajasthan was arrested for allegedly defrauding a business establishment running electronics showrooms in Hyderabad, amounting to Rs four crore, police announced on Monday.

The gang members purchased expensive electronic items and made payments through the Unified Payments Interface (UPI). However, they later filed chargeback complaints with the bank, claiming fraudulent transactions, resulting in the reversal of transactions and refund to the gang's account.

Police apprehended 13 members on September 8, seizing Rs 1.72 lakh in cash and electronic goods worth Rs 50 lakh, as per the Cyberabad Police Commissionerate's release. The gang, aged 20-25, operated in groups; some were in Hyderabad, while others stayed in Rajasthan. The Hyderabad members would buy high-value electronics and send the showroom's QR code to their Rajasthan associates for UPI money transfers, later filing fraudulent complaints for chargebacks. Upon investigation, police uncovered the gang's involvement in fraud and cheating cases.

(With inputs from agencies.)