The Telangana Cyber Security Bureau (TGSCB) has arrested two men in connection with a multi-crore cyber fraud that duped a victim of Rs8.14 crore. The arrested individuals, Rahul Dangi and Rahul Bhoi, are both residents of Rajasthan.
According to officials from TGSCB, Rahul Dangi collaborated with Rahul Bhoi to open several bank accounts, which were later used by cyber fraudsters to execute illegal transactions. The victim, a resident of Telangana, was lured by the fraudsters with promises of substantial profits from stock market investments. Following the instructions of the scammers, the victim transferred Rs75 lakh into a bank account operated by Rahul Dangi.
Once the amount was credited to his account, Rahul Dangi quickly transferred the money to various other accounts. A complaint lodged by the victim led to an investigation, during which the police discovered that one of the accounts involved in the fraudulent transfer belonged to Rahul Dangi.
Shikha Goel, Director of TGSCB, revealed that the account operated by Rahul Dangi had been used in 32 cybercrime cases, with a total of Rs3.7 crore funneled through it. Additionally, Rahul Bhoi was found to have facilitated the opening of five more bank accounts, which were used in at least 20 separate cybercrime cases.
The arrested individuals are suspected to be part of a larger fraud network that has been systematically exploiting victims through various online scams.