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India Cyber-Fraud Crackdown Widens With Arrests Tied to ‘Digital Arrest’ and Fake Trading Schemes

Investigators rely on money-trail with KYC forensics to trace wider networks.

Overview

  • Chandigarh police arrested Bengaluru resident Sibgathulla Baig in an ₹85 lakh ‘digital arrest’ case after tracing funds to an Axis Bank account linked to him.
  • Mumbai’s cyber police detained Parshuram Dashrath Jagtap for providing a beneficiary account used to siphon ₹1.27 crore from an 85-year-old ex-TIFR employee coerced via impersonation.
  • Goa Crime Branch picked up two suspects from Assam in a ₹1.42 crore ‘digital arrest’ probe, calling them key operatives connected to multiple cases using common IMEIs and numerous SIMs.
  • Jharkhand CID arrested Abhishek Bera over a ₹2.07 crore fake trading-app fraud, while Cyberabad reported 16 arrests in a week across trading and ‘digital arrest’ cases, including mule account providers.
  • Noida’s cyber unit shut a fraudulent call centre duping job seekers and froze five bank accounts, and Chandigarh police separately arrested two men accused of facilitating bank accounts for online investment scams.