Cyberabad Police Arrests 13-Member Gang from Rajasthan for UPI Fraud
The Shamshabad CCS Police, along with KPHB, Madhapur, and Narsingi police, arrested a 13-member gang from Rajasthan on Sunday. This gang was involved in high-tech UPI frauds and cheating schemes, defrauding Bajaj Electronics of approximately Rs 4.00 crores.
The police seized Rs 1.72 lakhs in cash and electronic goods worth Rs 50 lakhs. Several fraud and cheating cases were reported in various police stations under the Cyberabad, Hyderabad, and Rachakonda Commissionerates, as well as in other metropolitan cities across Telangana State, with total losses exceeding Rs 4.00 crores.
Upon receiving information from Bajaj Electronics, the Shamshabad CCS Police and KPHB, Madhapur, and Narsingi police started an investigation. They discovered that individuals from Rajasthan had visited showrooms and purchased expensive electronics. The gang’s method involved sharing the showroom’s UPI scanner with an accomplice in Rajasthan, who would transfer the money to the showroom. After taking delivery of the goods, the accomplice would file a chargeback complaint with the bank, causing the transaction to reverse and the money to return to the gang’s account.
The gang, comprising more than 13 members aged 20-25 years from Rajasthan, operated in groups. Some members stayed in Hyderabad, while their associates remained in Rajasthan. Members in Hyderabad would visit Bajaj Electronics showrooms to purchase high-value electronic items and send the showroom’s QR code to their associates in Rajasthan, who would transfer the money through UPI. After receiving the items, they would sell them and split the profits.
Doubts Revealed
Cyberabad Police -: Cyberabad Police is the police department responsible for maintaining law and order in the Cyberabad area, which is part of Hyderabad, a big city in India.
UPI -: UPI stands for Unified Payments Interface. It is a system in India that allows people to transfer money between bank accounts using their mobile phones.
Shamshabad CCS Police -: Shamshabad CCS Police is a special branch of the police in Shamshabad, a part of Hyderabad, that deals with serious crimes like fraud.
KPHB -: KPHB stands for Kukatpally Housing Board, which is a residential area in Hyderabad. The police there helped in catching the gang.
Madhapur -: Madhapur is another area in Hyderabad known for its IT companies. The police from this area also helped in the arrest.
Narsingi -: Narsingi is a locality in Hyderabad. The police from this area were involved in the operation to catch the gang.
Rajasthan -: Rajasthan is a state in the northern part of India. The arrested gang members came from this state.
Bajaj Electronics -: Bajaj Electronics is a big store in India that sells electronic items like TVs, fridges, and washing machines.
Rs 4.00 crores -: Rs 4.00 crores means 40 million rupees, which is a large amount of money in India.
Rs 1.72 lakhs -: Rs 1.72 lakhs means 172,000 rupees, which is a smaller amount of money compared to crores.
UPI scanners -: UPI scanners are devices used to scan QR codes for making payments through UPI. The gang used these to trick the system and reverse payments.
