The Mumbai Police has busted 12 people (including a couple) who allegedly cheated Rs 60.82 crore from people in various parts of the country and busted a cyber fraud gang. An official gave this information on Friday.
The official said that five of the recently arrested accused had sold their bank accounts and SIM cards for the use of cyber fraud. Deputy Commissioner of Police (Investigation) Raj Tilak Roshan said that these arrests were carried out on August 12 after a raid of the Mumbai crime branch at an office in western suburb Kandivali, in which the officials seized SIM cards and bank passbooks.
He said that the gang had bought 943 bank accounts, out of which 180 were used for fraud. He said that the accused were using this functioning since last year. He said that the five accused were arrested on August 12 and the rest was arrested during the investigation.
The official said that the gang bought SIM cards and bank accounts for Rs 7,000-8,000 and used them for digital arrest, online shopping and fraud related to stock market business.
The official said that bank accounts and SIM cards were used to cheat Rs 60.82 crore from people across the country, including Rs 1.67 crore in Mumbai and Rs 10.57 crore in the rest of Maharashtra.