Sharing OTP proves costly, ₹1.59 crore mega fraud committed in youth’s name
Shahjahanpur (The Uttam Hindu): A major fraud case involving ₹1.59 crore has come to light in Shahjahanpur, Uttar Pradesh, where a fake firm was created in the name of a local youth. Police have arrested three accused, including two youths from Rajasthan, while efforts are on to trace the remaining accused.
According to police, the complainant, Moeed Ali, a resident of Mohalla Atishbaazan under the Katra police station area, stated in his complaint that his neighbour Shoaib lured him with the promise of good income and suggested opening a firm in his name. Trusting him, Moeed Ali handed over his Aadhaar card, PAN card and mobile number to CA Bhupendra, a resident of Khudaganj.
The victim said that several OTPs later came to his mobile phone, which he shared with Shoaib. Misusing these documents and OTPs, the accused allegedly created a fake firm named “Platinum Right Home Pril” and handed over its papers to Moeed Ali. The accused then opened limited bank accounts in his name in several banks and took him to Delhi, where crores of rupees were transacted fraudulently through these accounts.
When Moeed Ali came to know about the fraud and raised objections, the accused allegedly started threatening him.
Based on the complaint, police registered an FIR against nine people, including Shoaib, Nagendra, Bhupendra, and Rajasthan residents Azharuddin, Ajabdeen and Alisha Fardeen.
Tilhar Circle Officer Jyoti Yadav said that after receiving the information, the matter was investigated and the victim’s allegations were found to be true. Following this, the main accused Shoaib and Rajasthan residents Ajabdeen and Azharuddin were arrested. Police teams have been formed to arrest the remaining accused, and further investigation is underway.
Police officials said that during interrogation it was revealed that the accused routinely trap people by promising high returns and carry out such frauds. Efforts are also being made to identify other members of the group and to trace where the defrauded money was used.