Kanpur Police Crack Down on Rs 125 Crore Cyber Fraud Syndicate

Kanpur Police arrested eight members of a cyber fraud syndicate, including five bank officials, involved in Rs 125 crore scams. Operated by absconding kingpin Rajveer Singh Yadav, the scheme used mule accounts to facilitate transactions across fake firms, evading detection with insider bank tips.

On Thursday, Kanpur Police dismantled a high-tech cyber fraud syndicate, arresting eight members, five of whom are bank officials. This crackdown revealed the syndicate's involvement in Rs 125 crore worth of illicit transactions nationwide, utilizing mule accounts and hawala channels, authorities confirmed.

The operation was set in motion following alerts from the National Cybercrime Reporting Portal and eventually unveiled its connection to at least 17 cybercrime cases. Police Commissioner Raghubir Lal noted links to a Rs 58 crore 'digital arrest' scam in Navi Mumbai, emphasizing the syndicate's sophisticated coordination.

While the alleged mastermind, Rajveer Singh Yadav, remains at large, the investigation exposed the strategic use of fake firms and insider bank assistance, facilitating rapid funds transfer before account freezes. Authorities continue their efforts to apprehend Yadav and urge citizen vigilance against such cyber scams.