Jaipur, September 27 (Udaipur Kiran News) — Rajasthan Police has uncovered a massive ₹500 crore cyber fraud under Operation Cyber Sangram, exposing a racket in which bank employees sold customers’ accounts to cybercriminals for hefty commissions. The Alwar Police have arrested six more people, including four Axis Bank employees and a mastermind, taking the total number of arrests in the case to 16.
According to SP Sudhir Chaudhary, the network facilitated fraudulent transactions through hundreds of mule accounts, which were used in scams involving betting, gaming, and cryptocurrency platforms such as Binance. Investigations revealed that these accounts were involved in over ₹500 crore of suspicious transactions and had more than 4,000 complaints registered against them on the NCRP portal.
The Arrested Individuals
The newly arrested include:
-
Mastermind: Varun Patwa (40), resident of Udaipur’s Hiranmagri, currently based in Gurugram, Haryana
-
Associate: Satish Kumar Jat (35), from Hisar, Haryana
-
Bank Employees (Axis Bank, Hisar):
-
Sahil Aggarwal (33), Sales Manager
-
Gulshan Punjabi (33), Sales Manager
-
Asu Sharma (23), MIB Executive
-
Aanchal Jat (24), Sales Officer
-
How the Racket Operated
The accused opened current/corporate accounts using fake firms and documents, paying commissions to customers. These accounts were then sold via WhatsApp and Telegram groups to cybercriminals.
The bank staff allegedly provided direct access to OTPs and internet banking by linking the accounts to new mobile numbers and installing APK files, allowing fraudsters to carry out illegal transactions.
Funds from these accounts were used in betting apps, gaming frauds, and crypto exchanges, enabling large-scale money laundering.
Seizures and Frozen Assets
During the raid, police seized:
-
₹2.51 lakh cash
-
26 ATM cards
-
33 mobile phones, 34 SIM cards
-
12 chequebooks, 6 passbooks, 12 signed cheques
-
Aadhaar, PAN cards, IDs, RCs, two cars, and company seals
Additionally, ₹5 lakh spread across 10 accounts has been frozen.
Ongoing Investigation
A Special Investigation Team (SIT), led by ASP (Headquarters) Kamble Sharan Gopinath, is probing the case to identify remaining members of the syndicate and trace the full extent of the fraud.
Earlier, 10 accused were already arrested in connection with the same operation. Police say more arrests are likely as the investigation progresses.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
