How Was a Cyber Fraud Gang in Rajasthan's Bharatpur Caught Swindling Rs 400 Crore?
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Synopsis
In a significant breakthrough, the Bharatpur Range Police dismantled a cyber fraud gang in Rajasthan, which allegedly siphoned off over Rs 400 crore through fake online gaming and investment schemes. This extensive investigation reveals the intricate methods used by fraudsters to exploit vulnerable individuals. Stay tuned as we delve deeper into this shocking scam!
Key Takeaways
- Bharatpur Range Police exposed a cyber fraud gang deceiving victims of over Rs 400 crore.
- Gang members utilized fake gaming apps and investment schemes to lure victims.
- Legal action has been initiated against all accused.
- Investigators suspect total fraud may exceed Rs 1,000 crore.
- Bank accounts of involved companies have been frozen to recover funds.
Jaipur, May 10 (NationPress) The Bharatpur Range Police have successfully unraveled a cyber fraud gang that deceived victims out of over Rs 400 crore through fraudulent online gaming and investment schemes, as reported by police.
Inspector General of Police, Bharatpur Range, Rahul Prakash, announced on Friday that a dedicated team from the Range Office efficiently exposed the gang and has commenced legal proceedings against the suspects.
Among those detained are Ravindra Singh (54), son of Triloki Nath Singh, originally from Ballia, Uttar Pradesh, now residing in Sector-17, Dwarka, New Delhi; and Dinesh Singh (49), son of Dina Nath, along with his wife Kumkum, also hailing from Ballia and currently living in Mohan Garden, New Delhi.
Director General of Police (Cyber Crime) Hemant Priyadarshi disclosed that a cyber fraud complaint regarding a Fino Payment Bank account was filed by victim Hari Singh via the cyber helpline number 1930 at the Dholpur Cyber Police Station.
Upon scrutinizing the complaint, the cyber team discovered that the same bank account had been flagged in nearly 3,000 other complaints — a figure that has now exceeded 4,000.
Recognizing the urgency of the matter, DGP Priyadarshi mandated the immediate filing of an FIR.
Bharatpur Superintendent of Police Mridul Kachawa assigned Inspector Mahendra Singh from the Range Office to spearhead the investigation, supported by Assistant Sub-Inspector Dinesh Kumar and Head Constable Jitendra Singh.
The investigation revealed that Rs 35 lakh from the complainant's account had been redirected into four companies.
Accounts belonging to these entities were frozen, with approximately Rs 4 crore currently under their control.
The gang ensnared victims through fake gaming applications and deceptive stock market investment schemes.
In just the last four months, transactions surpassing Rs 400 crore were logged across various fraudulent accounts.
Investigators suspect the total fraud may exceed Rs 1,000 crore.
According to law enforcement, the mastermind, Ravindra Singh — an MBA graduate — is supported by his nephew, Shashi Kant Singh, an engineering graduate from Bamrauli, Prayagraj.
Shashi provided the technical expertise necessary for executing the fraud.
The gang utilized multiple payment gateways — including Fino Payment, Bookbox, PhonePe, Abu Dance Paymebat, Pay Wise, and Try Pay — to siphon funds.
They established shell companies using forged documents and false addresses, SIM cards, and identities.
Ravindra himself managed document verifications and allegedly engaged chartered accountants to lend a veneer of legality to their operations.
Bank notifications will be issued to investigate how these fictitious companies cleared the verification process.
Legal actions are currently in progress against all implicated individuals.
Ravindra Singh's methodology involved targeting financially vulnerable acquaintances and convincing them to initiate companies.
After acquiring essential documentation — such as PAN, GST, TAN, and CIN — he registered these firms with the Ministry of Corporate Affairs.
While victims received nominal monthly payments, the fraudsters maintained exclusive control over the bank accounts.
The fraudsters subsequently disseminated fake investment and gaming links through social media, initially enticing small investments that later spiraled into significant financial losses.
Point of View
It is crucial that we remain vigilant about the evolving landscape of cyber crimes. The recent bust of the cyber fraud gang in Bharatpur not only highlights the rising sophistication of such schemes but also the need for comprehensive awareness among the public to protect themselves against such frauds. We stand committed to bringing you the latest and most accurate news on such vital issues.
NationPress
21/05/2025
Frequently Asked Questions
What was the total amount swindled by the cyber fraud gang?
The cyber fraud gang is reported to have swindled over Rs 400 crore.
How were victims lured into the fraud?
Victims were lured through fake online gaming apps and bogus stock market investment schemes.
What actions have been taken against the accused?
Legal proceedings have been initiated against all individuals involved in the fraud.
What steps are being taken to recover the lost money?
Bank accounts of the involved companies have been frozen, with approximately Rs 4 crore currently held.
Who led the investigation into this cyber fraud case?
Inspector Mahendra Singh from the Bharatpur Range Office led the investigation.
