Rajasthan Police have apprehended an additional suspect in connection with a cyber fraud case worth Rs 6.80 crore, marking the twelfth arrest in this ongoing investigation. The latest individual, identified as Laxman Singh, also known as Neeshu, hails from Bikaner. He is accused of facilitating the operations of a cybercrime gang by providing essential resources, including bank accounts and accommodation.

According to police reports, Singh allegedly aided the criminals by arranging bank accounts specifically to be used for fraudulent transactions. His role included not only the provision of these accounts but also ensuring that gang members had places to stay during their activities, as stated by Additional Director General of Police (Cyber Crime) Vijay Kumar Singh.

Methodology of the Cyber Crime

The investigation into this case reveals that the gang employed sophisticated techniques to impersonate a director of a private company, ultimately leading to the fraudulent transfer of Rs 6.80 crore. The cyber fraudsters allegedly utilised mule accounts, ATM cards, cheques, and various digital payment methods including UPI and cryptocurrency to launder the money.

Documents indicate that the criminal syndicate operated by setting up fake accounts and SIM cards, which were reportedly coordinated through Telegram groups. Once the funds were received, they were distributed using multiple channels, including ATMs and cash deposit machines, before being converted into cryptocurrency, complicating the recovery of the stolen money.

The police have described a specific incident involving Singh arranging for accommodation at a hotel in Reengus for an accomplice named Sandeep Kumar on August 23. Reports suggest that Singh later collected a variety of banking documents and identification papers from Kumar, which included a SIM card used to activate a mobile banking application, facilitating fraudulent activities.

Fraudulent Transactions and Company Response

The cyber fraud case stemmed from a complaint lodged with the Central Cyber Crime Police Station on August 25. The private company involved discovered that its computer systems had been compromised, allowing the criminals to manipulate WhatsApp Web. They fraudulently recreated the identity of one of the company’s directors and used prior conversations to gain the trust of the accounts head.

On August 24, the impersonators requested urgent payments, leading to the transfer of Rs 6.80 crore into three different bank accounts. The company soon realised that these transactions had not been authorised by any of its directors. Following this discovery, a formal complaint was made to the authorities, prompting a swift investigation.

With the recent arrest of Laxman Singh, the total count of individuals detained in this complex case now stands at twelve. Police are continuing their inquiries into the broader network that facilitated these fraudulent activities and are working to identify all those involved.

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