India News | Telangana: Cyberabad Police Arrests 13 Members of Gang Involved in Rs 4 Crore UPI Fraud

Hyderabad (Telangana) [India], September 10 (ANI): The Shamshabad CCS Police, with the help of KPHB Police, Madhapur and Narsingi police from the Cyberabad Commissionerate, apprehended a 13-member gang from Rajasthan on Sunday involved in a series of high-tech UPI frauds and cheating schemes.

This gang was involved in defrauding Bajaj Electronics, of approximately Rs 4.00 crores. The police seized Rs 1.72 lakhs in cash and electronic goods worth Rs 50 lakhs, police said in a press release.

Also Read | Mpox in India: Government Confirms Presence of Monkeypox Virus in Isolated Patient, Says No Widespread Risk to People.

Several fraud and cheating cases were reported in various police stations under the Cyberabad, Hyderabad, and Rachakonda Commissionerate's, as well as in other metropolitan cities across Telangana State, and totalling losses exceeding Rs 4.00 crores.

Upon receiving information from Bajaj Electronics, the Shamshabad CCS Police and KPHB Police, Madhapur and Narsingi police started an investigation. They discovered that individuals from Rajasthan had visited showrooms and purchased expensive electronics.

Also Read | Jammu and Kashmir Assembly Elections 2024: Congress Releases Third List of 19 Candidates; Check Key Players.

According to the police, the gang's method involved sharing the showroom's UPI scanner with an accomplice in Rajasthan, who would transfer the money to the showroom. After taking delivery of the goods, the accomplice would file a chargeback complaint with the bank, causing the transaction to reverse and the money to return to the gang's account.

The gang, comprising more than 13 members aged 20-25 years from Rajasthan, operated in groups. Some members stayed in Hyderabad, while their associates remained in Rajasthan.

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, who would transfer the money through UPI.

After receiving the items, they would sell them and split the profits. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)