Six Arrested After INOX Group Executive Duped Of Rs 10.40 Crore
The Mumbai Police have arrested six individuals from different parts of the country for their alleged involvement in a Rs 10.40 crore cyber fraud targeting a senior accounts executive of the INOX group. The victim, who was deceived by a fraudster impersonating a company director, filed a complaint at the South Region Cyber Police Station in Mumbai.
The cyber fraud took place over a 12-day period between June 3 and June 15, during which the senior employee completed 63 separate transactions. The fraud began when the employee received a WhatsApp message from a phone number displaying the profile picture of an INOX group director. The sender claimed to be the director and stated he was busy in meetings, instructing the executive to urgently transfer funds to several specified bank accounts.
Believing the messages were genuine, the employee transferred a total of Rs 10.40 crore before realizing he had been duped. After confirming that the director had not sent any such messages, the company lodged a formal complaint with the South Region Cyber Police Station.
Following the complaint, Senior Inspector Nandkumar Gopale formed multiple police teams to track the stolen funds. The breakthrough came when the Delhi Police alerted the Mumbai Police that two individuals had attempted to withdraw cash from one of the accounts used in the fraud. A Mumbai Police team traveled to Delhi and took four suspects into custody. Subsequent interrogations led to the arrest of two additional suspects.
According to DCP Cyber Bajrang Bansode, the six arrested individuals include three residents of Delhi, two from Bihar, and one from Jalna in Maharashtra. The suspects played various roles in the scheme, acting as mule account holders, handlers, and buyers who purchased jewellery at stores across India to break the money trail.
Through swift action, the Mumbai Police successfully froze over Rs 5 crore of the stolen money. Officers are continuing their search for the primary suspect who initially contacted the executive.
