A team from the Sriganganagar Cyber Police Station arrested two individuals, Piyush Nayak (22) and Ishan Baghel (23), from Bhopal, Madhya Pradesh, in connection with a Rs 1.59 crore cyber fraud involving Sohan Singh and his wife, Jaswinder Kaur.
DSP Kuldeep Walia confirmed the arrests of the duo, who are believed to have played a key role in the fraudulent scheme. The investigation revealed that Ishan Baghel, previously working in a job placement company, and Piyush Nayak, his friend, became involved with Rohan Bhavsar and Saif Ali Khan—the masterminds behind the scam—in June-July.
Under the direction of Rohan and Saif Ali, Piyush and Ishan established a fake company, PN Trading Company, and opened a fraudulent bank account in the company’s name. They handed over the bank passbook, ATM card, and SIM card linked to the account to Rohan and Saif Ali.
The fraud unfolded between November 13-15, when a total of Rs 1,59,960 was transferred from the accounts of the victim couple to the fraudulent account. In a matter of just three days, Rs 5 crore was transferred from 10 bank accounts into Piyush and Ishan’s firm. In return, they received Rs 2.75 lakh.
The police are now on the lookout for the masterminds, Rohan Bhavsar and Saif Ali Khan, who remain at large. Earlier, three other suspects—Mohit Soni, Kishan Singh Rajawat, and Ajay Prajapat—were arrested in Jaipur. Police also discovered that Rajawat had provided the account details of Soni and Prajapat to the fraudsters in exchange for Rs 10,000 each. Later, Rs 5 lakh was deposited into Soni and Prajapat’s accounts on November 16, but after withdrawing the funds, they were only given Rs 7,000 each.
The investigation is ongoing, with the police working to track down the remaining suspects involved in the cyber fraud.
