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KYC Fraud gang busted, 2 arrested by cyber police in Srinagar

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J&K police’s Cyber wing arrested two persons who were allegedly cheating the public with unsolicited communications asking to update  KYC ( know your customer) fraudulently getting details of their bank accounts and later withdrawing money.

A police spokesman said on receiving several complaints, Cyber Police Kashmir on a tip off took swift action and started investigations and raided a place at New Theed in Harwan area of Srinagar.

He said two persons identified as Mohammad Hanzala Beig and Ali Mohammad  of Kokernag in south Kashmir who had rented a room at Harwan from where they were operating the crime.

He said during preliminary investigation, it came to fore that for illegal monetary gains, the accused persons in connivance with non local cyber criminals operating from UP, Bihar and other states in organised ways cheat common people.

The spokesman said the typical mode of operation in such cases usually includes that these fraudsters withdraw money from the accounts of victims and transfer it to bank accounts based in different parts of the country and ultimately withdraw it.

He said, a very unusual modus operandi was found wherein Kashmir based bank accounts were found involved in this incident.

The duo accused were found to have created dozens of local bank accounts fraudulently and have provided the same along with their ATM Cards to the co-accused located outside state. Most of the bank accounts have been created in the name of destitute women from South Kashmir  and Srinagar who have been provided some monetary benefits by these two  arrested persons, the spokesman said.

Cyber Police Kashmir recovered  seven Mobile Phones,13 Sim Cards 47 ATM Debit and Credit cards of different banks,36 FINO Bank account Kit books, four Cheque Books, six  blank cheques,seven Passbooks,and other documents during the raid.

“More arrests are likely to take place in this connection as investigation is going on,” he added.


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