Neemuch police bust cyber fraud gang, arrest four

Indore: Neemuch police have busted an interstate cyber fraud racket that allegedly cheated people by promising stock market trading tips and high returns, arresting four and recovering 62 ATM cards, nine cheque books, eight passbooks, eight mobile phones, an ATM swipe machine, a sedan, a laptop, a MacBook and Rs 51,500 in cash.The action was carried out jointly by Neemuch Cyber Cell and Neemuch City police. The actions were taken after the Indian Cyber Crime Coordination Centre (I4C), under the Union home ministry, shared data through the National Cyber Crime Reporting Portal (NCRP) regarding suspicious mule bank accounts, ATM withdrawal accounts and their associates.Police said the operation was carried out on the basis of technical data and informer inputs identifying different ATM withdrawal locations linked to suspicious bank accounts. On Oct 16 and 17, police detained Nikhil Kumawat, Deepak Meghwal and Jayant Kumawat near banks and ATM booths for questioning.During interrogation, the three allegedly revealed that they had given their bank account kits and account kits belonging to other people to Alkesh Panwar. Panwar allegedly used these mule accounts to receive money obtained through cyber frauds.According to police, the gang had created a website, and operated through a fake office, social media platforms and phone calls. The accused allegedly approached people with promises of stock market trading tips and high profits and persuaded them to transfer money into the mule accounts.Acting on the disclosures of the three accused, police detained Panwar and recovered 62 ATM cards, eight passbooks, eight cheque books, an ATM swipe machine, eight mobile phones, a car and Rs 51,500 in cash. The seizure also included one laptop and one MacBook.The three accused are residents of Kacholi village under Jeeran police station while Panwar is a resident of Star City Colony on Mhow Road in Neemuch.Police said the recovered ATM cards, passbooks and cheque books belonged to different banks and their connection with various accounts is being examined.A case has been registered at Neemuch City police station under relevant sections of the Bharatiya Nyaya Sanhita and Information Technology Act.You Can Also Check: Gold Rate in Indore | Silver Rate in Indore | Bank Holidays in Indore | Public Holidays in Indore | Petrol Price in Indore | Diesel Price in Indore | CNG Price in Indore | LPG Price in IndoreStay updated with the latest Indore news. Download the TOI App.