Cyber Police busts KYC fraud gang in Srinagar

Accused duo arrested at New Theed Harwan; 7 mobile phones,13 sim cards, 47 ATM Debit, Credit cards recovered
Cyber Police busts KYC fraud gang in Srinagar
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Srinagar, Oct 13: Cyber Police today busted Know Your Customer (KYC) gang operating in the summer capital.

In a statement, Cyber Police said in order to extend the services to the general public and to redress their grievances related to cyber- crime, Cyber Police Kashmir is receiving complaints regarding various online frauds, scams etc on routine basis.

It said Cyber Police Station Kashmir Zone, Srinagar received multiple complaints regarding KYC frauds wherein the victims are receiving unsolicited communications in form of calls and SMS, urging them to call on some provided numbers for updating their KYC.

“Thereafter, the victims are asked to share certain personal details, account/login details/card information, PIN, OTP, installing some unauthorised/unverified application through links provided in the communication. Such communications have also been reported to include threats of bank account freezing, blocking, or closure.”

“When the victims share information over a call/ message or access unauthorized application, fraudsters gain access to the customers’ bank accounts and defraud them. Cyber Police Kashmir also learnt that the messages are sent out to people for updating their KYC on their mobiles,” it said.

“The messages sent to victims are in format as Dear xyz, your SIM card KYC documents will expire soon. Please call on 9xxxxxxxxx9 our JIO customer care team. Service will be stopped within 24 hours. Thanks. When the complainants call on these numbers, the cyber criminals pose as representatives of leading telecom companies and ask callers to recharge by very small amounts like Rs 10 ,15 etc through mobile apps like JIO app.”

“The fraudsters make victims to download remote access applications like "Anydesk, Quick Support or Team viewer" and then make them to provide their personal and financial details. When the unaware victims follow their directions and make recharge payment, they receive messages related to withdrawal of money from their bank accounts. Lakhs of rupees have been siphoned by the Cyber Criminals in Kashmir valley through these frauds,” it said.

“On receiving such complaints, Cyber Police Kashmir registered FIR No. 19/2021 and started investigations. During the course of investigation, Cyber Police Kashmir Zone Srinagar tracked down two persons involved in such crimes who were arrested from a rented accommodation at New TheedHarwan area of Srinagar. They have been identified as Mohammad HanzalaBeigh son of MohdShafi resident of Court Road Vailoo, Kokernag and Mohammad Rajab Khan son of Ali Mohammad resident of Wairad, Kokernag. 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 to cheat/defraud gullible citizens,” it added.

“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 country and ultimately withdraw it. But a very unusual modus operandi was found wherein Kashmir based bank accounts were found involved in this incident. The two arrested 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 & Srinagar who have been provided some monetary benefits by the arrested persons,” it added.

“Moreover, Cyber Police Kashmir also recovered 7 mobile phones, 13 Sim Cards, 47 ATM Debit/Credit cards of different banks, 36 FINO Bank account Kit books, 4 Cheque Books, 06 blank cheques, 07 Passbooks and other documents. Further investigation is going on,” it added.

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