Cyberabad police arrest 13 members involved in Rs. 4 crore UPI fraud
Hyderabad: The Shamshabad CCS Police, along with KPHB Police, Madhapur Police, and Narsingi Police from the Cyberabad Commissionerate, have successfully apprehended a 13-member gang from Rajasthan. This gang is implicated in a series of UPI frauds and cheating schemes that resulted in a significant financial loss for Bajaj Electronics, a renowned business establishment.
According to police reports, the gang defrauded Bajaj Electronics of approximately Rs. 4.00 crores. The police have seized Rs. 1.72 lakhs in cash and electronic goods valued at Rs. 50 lakhs.
The gang’s criminal activities were reported across various police stations under the Cyberabad, Hyderabad, and Rachakonda Commissionerates, as well as in other metropolitan cities across Telangana State. These incidents, involving Bajaj Electronics, have collectively led to losses exceeding Rs. 4.00 crores.
Following a complaint from Bajaj Electronics, the Shamshabad CCS Police, along with KPHB Police, Madhapur Police, and Narsingi Police, launched a detailed investigation. It was discovered that members of the gang had visited showrooms and purchased expensive electronics. Their modus operandi involved sharing the showroom’s UPI scanner with an accomplice in Rajasthan, who would then transfer the payment to the showroom. After taking delivery of the goods, the accomplice would file a chargeback complaint with the bank, resulting in a reversal of the transaction and a refund to the gang’s account.
Modus Operandi of the Gang:
The gang, consisting of 13 members aged 20-25 years from Rajasthan, operated in groups. Some members stayed in Hyderabad while their associates remained in Rajasthan. The members in Hyderabad would visit Bajaj Electronics showrooms to purchase high-value electronic items and send the showroom’s QR code to their associates in Rajasthan for payment. After receiving the items, they would sell them and divide the profits. The associate who made the payment would subsequently file a fraudulent chargeback complaint, leading to a refund.
The arrested gang members have been identified as SomRaj, Sunil, LacRam, Sharwan, Somraj, Shivalal, Ramesh, Shrawan, Pappu Ram, Shravan, Rakesh, Ramesh, and Ashok Kumar.
Based on their confessions, the police have seized Rs. 1.62 lakhs in cash and electronic goods worth Rs. 50 lakhs, which were part of the fraud.
All accused have been arrested in connection with several cases and are being produced before the Hon’ble Court for judicial remand.
The Shamshabad CCS team, led by Inspector M. Pavan, and supported by DI KPHB, DI Narsingi, and DI Madhapur, under the guidance of ACP CCS Shashank Reddy and Kalinga Rao, and the supervision of DCP Crimes K. Narsimha, IPS, with direction from Commissioner of Police, Cyberabad, Avinash Mohanty, IPS, apprehended the accused and recovered the stolen property.
