Navi Mumbai: The Nerul police are hunting for four individuals accused of running a Rs 1.20-crore cyber fraud and online betting racket. The accused allegedly operated by misusing bank accounts obtained from unsuspecting citizens, police said.

Modus Operandi

Police said that the group tricked residents by offering small sums of money in exchange for the use of their bank accounts. Once the accounts were handed over, they were used to carry out illegal betting, online gaming, and cyber fraud transactions across multiple banks.

Victims and Losses

According to police, the fraudulent network cheated several individuals, including both account holders and those who transferred funds, resulting in losses amounting to Rs 1,20,38,840. The FIR was filed under Sections 318(4) and 3(4) of the Bh

See Full Page