Bengaluru Techie Duped Of Rs 11 Crore By Fraudsters Posing As Customs, ED Officials

Bengaluru Techie Duped Of Rs 11 Crore By Fraudsters Posing As Customs, ED Officials

In the latest case of cyber scams, a Bengaluru man working in the tech industry was reportedly duped of Rs 11 crore when fraudsters posing as customs and ED officials threatened to arrest him in a money laundering case. Three people have been arrested in the case.Bengaluru

The accused came to know that the victim Vijay Kumar had a market investment of Rs 50 lakhs that had grown to Rs 12 crores, police said. They posed as officials from the police, customs and the Enforcement Directorate (ED) and issued

Scared, the victim shared personal details like his Aadhaar, PAN Card and KYC information to the accused, who siphoned funds into nine bank accounts over months, according to a report by India Today. They claimed it was part of government procedures to clear his name in the money laundering case.Bengaluru

Realising the trap, the victim lodged a complaint to the Crime Police. A later investigation revealed that Rs 7.5 crore was traced to a single account in Allahabad.

The money trail led the police to Surat, where they found out that one of the accused Dhaval Shah, had used the money to purchase gold. Shah confessed to police that he had acted on instructions from a Dubai-based fraudster, earning a Rs 1.5 crore commission for arranging the purchase of gold, which was handed to an unidentified person referred to as “Neel Bhai”.Bengaluru

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