Cyber police in Gujarat have arrested two fraudsters, Anand Dadhadia and Rizwan Sheikh, for allegedly duping a city-based teacher of Rs10 lakh through a mobile hacking and bank account renting scam. Both accused have been remanded in police custody until Saturday.
The incident came to light when the teacher reported that her mobile phone was hacked, resulting in the unauthorized transfer of Rs10 lakh. Upon investigation, cyber police traced the transactions to multiple bank accounts rented out by the accused to conceal the origins of the stolen funds.
Police officials explained that “account renting” — where individuals rent out their bank accounts to fraudsters for a commission — is increasingly being used by cybercrime networks to launder money. Anand Dadhadia and Rizwan Sheikh knowingly allowed their accounts to be exploited for illegal transactions.
The police are continuing their investigation to identify other potential victims and associates involved in the scam.