Three males of their twenties had been arrested by the Mumbai Police Crime Department for allegedly changing cash made by cyber criminals into crypto foreign money and sending it to their handlers in China.
In keeping with police, the fraudsters would pose as Fedex staff and name individuals, claiming that narcotics had been present in a parcel addressed to them. They’d then ask them to pay a specific amount to evade arrest. They’d then switch the quantity to their account and convert it into crypto foreign money by way of a Dubai-based particular person earlier than sending it to their handlers based mostly in China.
DCP (crime) Datta Nalawade stated the arrested are Shubham Padavi (26), a Borivali resident, Fayan Shaikh (22), a Malad resident, and Adnan Mirza (21), a Malwani resident.
Explaining that two groups had been concerned in finishing up the cyber crimes, Nalawade stated, “One is targeted on threatening or luring individuals into making funds and the second group will get the cash transformed into crypto foreign money and sends it to the principle accused in China.”
The officer stated that on this case, Padavi supplied his checking account to fraudsters in trade for a fee. Shaikh would then contact a Dubai-based one who would convert the cash into crypto foreign money and ship it to Mirza who would ultimately despatched this cash to China. “At every stage, the three accused would take a fee,” an officer stated.
The officer added that the three males acquired in contact with China-based handlers after they got here throughout their posts on social media platforms and expressed curiosity in doing their work in trade for a fee.
The officer stated that whereas the primary two accused had been arrested from Mumbai, the third accused was arrested from Rajasthan. Police have discovered almost 40 circumstances of cyber fraud the place the accounts of the accused had been used to launder cash.
Within the case by which they’ve been arrested, the accused had defrauded the sufferer of Rs 65.10 lakh by claiming to be calling from Fedex. Police group led by senior inspector Suvarna Shinde and inspector Kiran Aher managed to freeze Rs 13.50 lakh throughout financial institution accounts whereas the remainder of the cash was already laundered.
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First uploaded on: 11-07-2024 at 22:23 IST
