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Ludhiana Police arrests IT professional from West Bengal in Rs 86-lakh cyber fraud case
Without disclosing the identity of the accused, police confirmed they have recovered Rs 21.5 lakh from his possession.
The accused, who runs his own technology company, allegedly masterminded the scam and funneled stolen funds through multiple accounts. (File Photo)
SSa city-based textile unit owner was allegedly duped of Rs 86 lakh in a cyber fraud case, the Ludhiana Cyber Crime Police arrested the main suspect, a 40-year-old Information Technology (IT) professional from West Bengal, officers said on Sunday.
The accused, who runs his own technology company, allegedly masterminded the scam and funneled stolen funds through multiple accounts.
Without disclosing the identity of the accused, police confirmed they have recovered Rs 21.5 lakh from his possession. Further investigation is underway to trace the remaining money, and identify his alleged accomplices involved in the fraud, police said.
Based on a complaint filed by 58-year-old Shrenik Jain from Dr Sham Singh Road in Civil Lines, who is the director of the textile company, an FIR was registered against the accused under sections 318(4) (cheating and dishonestly inducing delivery of property) and 319(2) (cheating by personation) under the Bharatiya Nyaya Sanhita (BNS) at the Cyber Crime police station in December 2024, police said.
In the FIR, Jain mentioned that on December 17 last year, his accountant Amit Salaria allegedly received a WhatsApp message from an unknown number displaying Jain’s photo as the profile picture; Salaria saved the cellphone number without confirming its authenticity. The impersonator texted Salaria the next day, asking him to “check the company’s bank account balance, and then transfer Rs 86 lakh to an ICICI bank account for a new business venture”. Thinking the instructions were from Jain, Salaria made the transaction. Later, Salaria discussed the transaction with Jain over a phone call, and realised he was duped by an imposter.
Inspector Satvir Singh from the Cyber Crime police station said: “Further investigation led us to the bank account where the Rs 86 lakh was first deposited; it was immediately siphoned off through several other accounts. The arrested accused is an IT expert, and owns a tech firm in West Bengal. We have so far recovered Rs 21.5 lakh from him.”
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