Kanpur police, SOG arrest 2 in ₹5,600cr Jajmau fraud
Kanpur police and the SOG just uncovered a huge ₹5,600 crore cyber fraud network whose financial trail has reached ₹5,600 crore run out of what appeared to be a routine call center in Jajmau.
Two alleged masterminds, Shahzeb Waris, 24, and Mohd Salman, 31, were arrested, but five others are still on the run.
The operation targeted people with fake investment promises and spread across more than 18 states.
Police probe 72 accounts, ₹65.26L seized
Victims were tricked into investing for promising high returns on investments, with their money funneled through 72 suspicious bank accounts in 14 banks.
Police seized ₹65.26 lakh in cash, phones, and documents, and found signs of money laundering through gaming apps and shell companies.
Both accused already had cybercrime cases against them in other cities.
Police are now working with teams across India to catch the rest and follow the money trail.