Surat youth's Pakistan link: Gujarat police uncover ₹200 crore cyber fraud network

Gujarat (The Uttam Hindu): Gujarat police have busted an international cybercrime ring that laundered crores of rupees through networks in Pakistan and Dubai. Surat resident Chetan Gangani has been arrested for transferring ₹10 crore to a Pakistan-based cryptocurrency wallet.

According to police, Chetan Gangani, in connivance with cybercriminals based in Dubai, used more than 100 fake bank accounts. Through this network, money defrauded in India was first deposited into various accounts and then transferred to Pakistan via cryptocurrency. Investigations have revealed that this gang has so far laundered approximately ₹200 crore.

The Gujarat Cyber ​​Crime Cell reported that the accused was technically skilled and used VPNs, fake mobile SIMs, and email IDs to conceal all his transactions. Police have seized Chetan's bank accounts, laptops, and mobile phones.

The Cyber ​​Cell also stated that the network spanned various states in India and was operated remotely from Dubai and Pakistan. Police will now investigate the case under the FEMA and the Prevention of Money Laundering Act (PMLA).

A Gujarat police official said, "This is not just a case of one individual, but part of an international cyber network. We expect more arrests in the coming days."