The Hyberabad police have arrested 13 members of a gang from Rajasthan involved in a major UPI fraud scheme, which resulted in a massive loss of approximately Rs4 crore. The criminals targeted Bajaj Electronics and used a sophisticated network of fraudulent transactions to steal the money.
The arrested gang members, identified as Som Raj, Sunil, Lac Ram, Sharwan, Somraj, Shivalal, Ramesh, Shrawan, Pappu Ram, Shravan, Rakesh, Ramesh, and Ashok Kumar, were detained following an extensive investigation. The police have accused the gang of exploiting UPI payment systems to execute fraudulent transactions on a large scale.
The police revealed that the gang had systematically manipulated UPI systems, bypassing security protocols and causing significant financial damage to the electronics retail giant. The investigation is ongoing, and further details are expected to emerge as authorities track down the full scope of the fraud.
This arrest marks a significant step in addressing the growing concerns around UPI fraud in India, with law enforcement intensifying efforts to combat such crimes.
