The digital fraud saga continues. The Bangalore CCB Cyber Crime Police Station has succeeded in arresting two criminals of a cyber fraud ring who hacked the app of a private finance company and robbed it of Rs. 49 crore in just two and a half hours.
Bengaluru: The digital fraud saga continues. The Bengaluru CCB Cyber Crime Police Station has arrested two criminals of a cyber fraud ring who hacked the app of a private finance company and robbed Rs. 49 crore in just two and a half hours.
Sanjay Patil from Udaipur, Rajasthan and Ismail Rashid Attar from Belgaum have been arrested. Rs. 10 crore that they illegally transferred to fake accounts. has been seized. Investigation is ongoing to trace the two masterminds of this fraud ring in Dubai and to seize the remaining Rs. 39 crore.
A few days ago, a case was registered for hacking the app of Wisdom Finance Company and robbing it of money. The team led by CCB DCP Raja Imam Kasim, who investigated this matter, carried out a quick operation and arrested two people in Rajasthan and Belgaum, said Police Commissioner Seemant Kumar Singh.
How was the fraud?:
Wisdom Finance Company has offices in Mumbai and Bengaluru. This company provides loans to customers within a few hours of applying online. However, it has provided a separate app to customers on Google Playstore for this. The network of cyber fraudsters who hacked this app transferred Rs. 49 crore to 656 different fake accounts in the names of 1,782 people in two and a half hours.
How was it discovered?:
The two masterminds of this gang, originally from Rajasthan, are based in Dubai. They had organized other accused through the Telegram app. Later, they had hacked the app through Hong Kong hackers and transferred the money to the fake accounts. Attar from Belgaum provided the necessary fake bank accounts, while Sanjay Patil from Rajasthan provided five servers. 27.39 lakhs was transferred from Wisdom Company to Sanjay Patil's account. Similarly, Rs. 5.5 crore was deposited in the Hyderabad account of Ethanol Science Tech Company.
He studied only 10th class
Master of cyber fraud!
Sanjay Patil studied 8th class, he was a plumbing repair worker. Attar has a 10th class qualification and was engaged in digital marketing.
What was the fraudster's act?
- Hacked a private finance company app
- 656 fake accounts for Rs. 49 crore. Had transferred
- Hack aided by Dubai masterminds
- Police investigation as soon as company files complaint
- Two arrested from Belagavi, Rajasthan, ₹10 crore seized
- Remaining ₹39 crore to be seized, action to arrest others