Tag Archives: financial scam

Mastermind of Rs 300 Crore Bank Scam Arrested in UP

Prime Accused in Rs 300 Crore Bank Scam Arrested in Vrindavan Living as a Sadhu

The prime suspect in a massive Rs 300 crore bank scam in Maharashtra was arrested in Vrindavan, Uttar Pradesh, where he had been hiding by pretending to be a sadhu (holy man).

 

Babban Vishwanath Shinde, who is believed to be the mastermind behind the Jijau Masaheb Multi-State Bank scam, was caught on September 25 by a joint team of Maharashtra police and local authorities. Shinde had been on the run since the scam was uncovered, and his arrest is seen as a big breakthrough in the case.

 

According to Arvind Kumar, the police official from Mathura, local intelligence helped track Shinde down. Based on a tip-off, authorities found his location in Vrindavan and arrested him without any trouble.

 

ALSO READ | Hyderabad Man Arrested for Black Magic Scam

 

After the arrest, Shinde was brought back to Maharashtra and presented before a court, which handed him over to the investigating team. More details about the case and charges against him will be shared soon.

 

The Jijau Masaheb Bank scam involved fake loans and misused funds, causing huge losses for the bank and its customers. Shinde’s arrest has given hope to the victims, with expectations that the case will move forward quickly.

 

Source.

Hyderabad Cybercrime Saves Techie’s Rs 18 Lakh

Hyderabad cybercrime police acted quickly to save a 31-year-old software professional from losing Rs 18 lakh to a scam. The victim, who works in Amberpet, fell prey to a fraudster pretending to be from a courier company.

The fraudster tricked the victim by claiming his Aadhaar details were used in a drug smuggling case and asked him to contact Mumbai cybercrime authorities via Skype. They also convinced him to take a personal loan of Rs 18 lakh and transfer it to their account.

Realizing he had been scammed, the victim promptly reported the incident to cybercrime police. Within just 11 minutes, police worked with the banks involved and managed to block the entire amount from being withdrawn by the fraudsters.

DCP Kavitha advised the public to verify the sources of unexpected calls, messages, or emails before sharing personal or financial details. She warned against transferring money to unknown accounts or responding to unsolicited job offers.

To report cyber financial fraud, people can call the Cybercrime Helpline at 1930, visit their local police station, or use the National Cyber Crime Reporting Portal at cybercrime.gov.in. These steps are crucial to prevent falling victim to such scams.

ALSO READ | Rs.60 Lakh Cyber Fraud Foiled! Helpline Saves Woman