Achive.php February 24, 2025 - The Cyber Shark
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Archives for February 24, 2025

Private bank employee among two held in Rs 4.97 crore cyber fraud case in Gurugram

Rs 4.97 Crore Cyber Fraud

“Gurugram Police Detain Two, Including IndusInd Bank Manager, in Rs 4.97 Crore Cyber Fraud; 27 Bank Employees Arrested in Related Cases” In a case involving a Rs 4.97 crore cyber fraud, the Gurugram police have detained two individuals, one of whom is the business development manager of the Delhi branch of IndusInd Bank. Profitable stock market returns were guaranteed by the accused. The bank employee who was arrested was accused of helping cybercriminals obtain bank accounts. In several cyber fraud cases, the Gurugram police have so far detained 27 bank personnel. According to the police, a case was filed at the Cyber Crime East police station under the appropriate sections after a report about a Rs 4.97 crore cyber fraud was received on November 30 of last year. Avinash Sharma, a resident of Delhi’s Rani Bagh, and Aditya Chaturvedi, an Uttar Pradesh native, were taken into custody by a squad of cyber police as they were looking into the issue. Aditya has spent the previous two years at Delhi’s IndusInd Bank as a business development manager. The police investigation found that the fraud was committed using Avinash’s bank account. Aditya had received Rs 25,000 from Avinash for the bank account. While Aditya was employed at the bank, he met someone else who had tricked him into giving Rs 50,000 for a current account and Rs 10,000 for a savings bank account with Rs 4.97 crore cyber fraud. Aditya would then provide Avinash access to the bank account information. The same bank account, which belongs to Avinash Sharma, has been the subject of 12 complaints in the states of Tamil Nadu, Madhya Pradesh, Chhattisgarh, Karnataka, Kerala, Assam, Maharashtra, and Jammu and Kashmir. “We are interrogating the defendant,” Priyanshu Dewan, ACP (Cyber), stated. However, the cyber police detained someone for giving a bank account to a man who was engaged in cybercrime. Raju, a resident of Rajasthan’s Kedar Colony in Ganganagar, has been identified as the accused.

Myawaddy Scam Valley: 2,000 Indians working in Myanmar’s Cybercrime network.

Myawaddy Scam Valley

Thousands of Indians Tricked into Cyber Scams in Myanmar’s Myawaddy Scam Valley, A Militia-Controlled Region, Authorities Warn of Legal Repercussions     In Myawaddy Scam Valley, a militia-controlled area close to the Myanmar-Thailand border, about 2,000 Indians are currently engaged in cyber scam activities. Many of them were allegedly tricked by phoney job offers and are now being compelled to conduct online fraud against victims in the US and India. Authorities warn that although some people have been saved, the scam’s scope is far more than first thought. The Indian embassy has warned that individuals who intentionally engage in these frauds will be subject to legal repercussions, even as it works to remove the impacted citizens. Myawaddy Scam Valley Indian officials have warned that to avoid falling into similar traps, job seekers should confirm employment offers in Thailand, Laos, Cambodia, and Myanmar. Workers in Myawaddy Scam Valley , a militia-controlled area close to the Myanmar-Thailand border, are forced under coercion to participate in internet fraud schemes, making it a key hub for cybercrime. Many victims are enticed by fictitious job promises and end themselves stuck in scam centres, unable to leave until they pay large ransoms. Although attempts to intervene have been hampered by the anarchic character of the area, Indian consular personnel are making an effort to evacuate individuals in need. In response to international criticism, Thai authorities have shut off fuel, electricity, and internet in strategic locations where these operations are taking place. Additionally, China has called on Thailand to crack down on the international power networks that support these scam syndicates. The crisis still exists despite these actions. Even though at least 150 Indians have been named as victims, investigators think the true number is much higher because many of them are allegedly working freely and have not reported the incident to the police. Three Indians escaped from a scam centre in Myawaddy on February 18 and arrived in Yangon with the help of the embassy. They are currently undergoing repatriation processing. Large-scale rescue efforts are still challenging, although, because of the instability in the area. More than 600 Indians have been saved from scam networks in Thailand, Laos, Cambodia, and Myanmar since June 2022, underscoring the continued danger for job seekers in the area.