In a combined operation a notorious 13 member interstate gang involved in Rs 4 crore UPI fraud have been arrested by Cyverabad cops. The Shamshabad Central Crime Station (CCS) team along with KPHB, Madhapur and Narsingi police detected the fraudsters and arrested them from Rajasthan on September 8 and brought them to city on Monday. This gang was involved in a series of high-tech UPI frauds and cheating schemes, defrauding M/s.
Bajaj Electronics, a reputed business establishment, of approximately Rs 4 crore and police teams seized Rs 1.72 lakh net cash and electronic goods worth Rs 50 lakh from their possession. The 13 member gang was wanted in 10 fraud and cheating cases in Hyderabad, Rachakonda and Cyberabad commissionerates, *K.
Narsimha, DCP Cyberabad said in a press meet on Monday. Special teams were by Shamshabad CCS, Narsingi, Madhapur and KPHB police after receiving a complaint from Bajaj Electronics. The combined teams that started investigating discovered that individuals from Rajasthan had visited showrooms and purchased expensive electronics, Narsimha said.
The gang’s modus operandi was to share the showroom's UPI scanner with an accomplice in Rajasthan, who would transfer the money to the showroom, Narsimha said. 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, DCP said. The gang, comprising more than 13 members aged 20-25 years.