On August 24, 2024, Prayagraj Police arrested the main accused and members of a gang involved in a cyber fraud case registered under FIR No. 07/2024, Sections 419/420/201 IPC and 66C IT Act.
Incident description: The accused defrauded the victim of 4.4 million Indian Rupees and promised to help the victim in filing insurance claims related to the death of her husband.
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Procedure: During questioning of the arrested, it emerged that the accused, Shubham Singh, was a former employee of HDFC Bank. During his tenure, he helped an elderly woman apply for a death benefit insurance sum of INR 10 lakh from HDFC Bank for her deceased husband. Over time, he gained the woman’s trust and she confided in him that she was expecting INR 44 lakh from an LIC death benefit insurance policy. Using this information, Shubham along with his colleague Dashrath Singh, who worked as a sales manager at Utkarsh Small Finance Bank, opened a new account for the elderly woman at Utkarsh Small Finance Bank. They then linked her mobile number to the account. After the sum insured was credited to her account, they withdrew the entire amount through mobile banking.
After committing the fraud, Shubham Singh fled to Gujarat as he believed that the police would not be able to arrest him.
