Faridabad: Three individuals have been arrested in connection with a ₹40 lakh fraud case, where a retired female officer of the Ministry of Labor was held under digital arrest for 18 days.
The Cyber Crime Police Station (NIT) team arrested Rishikesh Singh alias W Singh and Sameer from Kolkata, while Tarun Goyal was arrested from Delhi.
The police recovered ₹57,000 in cash from them. According to police spokesperson Yashpal Singh, the three accused are currently in 7-day police remand for further interrogation.
Fraudulent Transactions Uncovered
During the initial interrogation, it was revealed that ₹30 lakh was transferred to an SBI account as part of the scam.
Rishikesh Singh used the registered mobile number of the account to transfer the funds to other bank accounts before withdrawing the cash.
Sameer was responsible for withdrawing cash using different bank debit cards and handing it over to Rishikesh Singh. Meanwhile, Tarun Goyal helped convert the money into cryptocurrency (USDT).
Fraud Syndicate Profit Sharing
The police investigation has revealed that Rishikesh Singh kept 50% of the fraud money, using his associates to handle the transactions.
Sameer received 10% for his role in withdrawing cash, while Tarun Goyal took 5% for converting the funds into cryptocurrency (USDT).
How the Fraud Was Executed
The case was registered at the Cyber Crime Police Station (NIT) following a complaint received via the Cyber Portal on January 10 from a resident of Green Valley, a retired officer from the Ministry of Labor.
The victim reported that a fraudster posed as an employee of the Telecom Regulatory Authority of India (TRAI) and claimed that her phone number was involved in illegal activities.
Later, another fraudster posed as a policeman and informed her that her Aadhaar card was linked to a Canara Bank account in Mumbai, where ₹6 crore in illegal transactions had taken place.
The fraudsters falsely accused her of being involved in money laundering, claiming multiple FIRs were registered against her in Mumbai.
Using fear tactics, they kept her under digital arrest from November 11 to November 29, 2024, and extracted ₹40 lakh from her.
Ongoing Investigation
The police are continuing their investigation into the case, and further arrests may follow as they uncover more details about the cyber fraud syndicate.
