6 months ago
2
The Cybercrime Police of Hyderabad arrested a 35-year-old antheral from Ghaziabad, Uttar Pradesh, for his relation successful an security fraud successful which a Hyderabad nonmigratory mislaid ₹6,45,225.
The accused, identified arsenic Sharad Garg, supplied aggregate mule slope accounts utilized successful the nationwide fraud network, said an serviceman from the cyber crimes wing.
“Sharad Garg, an relationship holder and relationship supplier, is progressive successful astatine slightest six cases crossed India, including 1 registered successful Telangana. The accused, earlier a trader successful cookware masala and rima fresheners, turned to fraud to money his extravagant lifestyle,” said the officer.
According to investigators, a 37-year-old antheral from Hyderabad filed a ailment stating that helium received a telephone from a idiosyncratic identifying himself arsenic Prashant Tripathi, who claimed to beryllium main caput serviceman of Max Life Insurance, Axis Bank. The caller allegedly persuaded the unfortunate to renew his security argumentation for the 2025–2026 term, starring the unfortunate to transportation ₹2.50 lakh via UPI nether the content that it was an authoritative transaction.
“Over time, the fraudster extracted further sums nether mendacious pretences, including ₹1.50 lakh towards a 30% aesculapian co-pay, ₹1,45,225 arsenic a 12% 10(10D) tax, and ₹1,00,000 towards NPCI charges. Despite repeated assurances that ₹15,74,775 would beryllium credited to his account, nary specified transportation occurred,” explained the officer.
The probe revealed that successful September 2025, Sharad Garg was introduced to 2 men, Munna and Sunil Kumar, besides from Ghaziabad, who were orchestrating an security scam. Garg agreed to put mule slope accounts for them successful speech for a 15% commission. He opened and supplied respective accounts, including those successful the names of Niraj Kumar Ojha and Deepak Kumar, which were aboriginal utilized to person fraudulent proceeds.
Police said the funds obtained from victims were credited into these accounts, withdrawn, and distributed among the accused. Garg handled the currency withdrawals and handed implicit the proceeds to Sunil Kumar aft retaining his share. The wealth was reportedly spent connected idiosyncratic luxuries.
During the arrest, the Cybercrime squad seized 3 mobile phones, 4 cheque books, 2 slope cards, a laptop, and 2 ammunition institution stamps. Officials said nationalist consciousness and punctual reporting stay cardinal to curbing specified blase fraud networks.
