Two Arrested in ₹16,180 Crore Financial Crime in Thane, Maharashtra

Two Arrested in ₹16,180 Crore Financial Crime in Thane, Maharashtra

VoM News Desk | October 13, 2023 | 05:23 PM IST | Breaking News, Crime, Maharashtra | Follow on Google News

Two Arrested in ₹16,180 Crore Financial Crime in Thane, Maharashtra

Two Arrested in ₹16,180 Crore Financial Crime in Thane, Maharashtra

The Thane police in Maharashtra have arrested two individuals in connection with a massive financial crime involving the hacking of a payment gateway service provider’s system, resulting in the siphoning off of over ₹16,180 crore. The two suspects are Anup Dubey, 26, from Bhayander, and Sanjay Namdeo Gaikwad, 42, a Mumbai resident who is a partner in a firm.

The fraud had been ongoing for a considerable period but came to light after a complaint was filed with the Srinagar police station regarding the hacking of the payment gateway system and the theft of ₹25 crore in April 2023. During the investigation, the cyber cell team discovered suspicious transactions amounting to over ₹16,180 crore. A case has been registered against five individuals, including charges of cheating, criminal breach of trust, forgery, and criminal conspiracy.

The police suspect that this elaborate scheme may have wider ramifications, potentially affecting several companies and individuals across India. The accused allegedly set up multiple partnership firms with bogus documents to launder the stolen funds.

VoM News Desk

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