They used to buy expensive electronics with planning, did UPI fraud of Rs 4 crore, 13 arrested :- The gang was made up of more than 13 people from Rajasthan between the ages of 20 and 25 who often worked together. Some members were in Hyderabad, and others who were with them stayed in Rajasthan.
A group of 13 people from Rajasthan were caught by Cyberabad police in Telangana with the help of Madhapur and Narsingi police. This group was involved in high-tech plans to cheat and steal UPI.
About Rs 4 crore was stolen from Bajaj Electronics by this group. The cops said they took away Rs 1.72 lakh in cash and Rs 50 lakh worth of electronics.
Loss of more than Rs 4 crore
Cyberabad, Hyderabad, Rachakonda, and other big towns in Telangana have all had a lot of fraud cases reported to their police stations. It was said that the company lost more than 4 crore rupees.
After getting information from Bajaj Electronics, the cops in Shamshabad, KPHB, Madhapur, and Narsingi began their investigations. They learned that people from Rajasthan went to the stores and bought expensive electronics.
Turn around the deal and send the money back to the gang’s account.
The cops say that the gang’s plan was to share the showroom’s UPI scanner with a partner in Rajasthan so that the partner could send money to the showroom.
Once the partner got the goods, they would file a chargeback with the bank. This would have the transaction reversed and the money sent back to the gang’s account.
Money Transfer via UPI
The gang was made up of more than 13 people from Rajasthan between the ages of 20 and 25 who used to work together. There were members in Hyderabad and members in Rajasthan who worked with them.
People in Hyderabad would go to Bajaj Electronics stores to buy expensive electronics. They would then send the showroom’s QR code to friends in Rajasthan, who would then use UPI to send the money. They would buy things, then sell them and split the money they made.