Mumbai court rejects bail plea of Class 12 student who helped with Rs 3.8-crore cyber fraud
The court said that cybercrimes and digital financial frauds are rampant in the country and are a threat to the nation’s economy.
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Cybercrimes, digital financial frauds are rampant in the country and it is a threat to the nation’s economy. (Representative Image)A sessions court in Mumbai has rejected bail plea of a 19-year-old Class 12 student who was arrested for his alleged involvement in a cyber fraud case involving Rs 3.81 crore. The court said that cybercrimes and digital financial frauds are rampant in the country and are a threat to the nation’s economy.
The CBl had registered an FIR against one S P Cargo and Courier Services Pvt Ltd and its director Sudhir Palande and other unknown persons, claiming that private persons and firms were cheated of Rs 3.81 crore and the amount was transferred on a single day, July 2, to one mule account through 12 transactions.
“Cybercrimes, digital financial frauds are rampant in the country and it is a threat to the nation’s economy. It is necessary to consider that the offence is complex in nature and involves use of electronic devices, information and technology that is digital evidence,” special judge J P Darekar said in the order on Friday.
The CBl arrested the student Yash Thakur on July 9, claiming that he had acted as a middleman between several cyber frauds and the main accused Palande. The agency claimed that Thakur had booked tickets for stay and travel of the main accused in Nagpur during the period of the fraud and had helped him procure a SIM card based on fake documents.
Thakur had sought bail claiming that he did not know Palande and there is no evidence that he had in any manner benefitted from the fraud. It was also submitted that he is a young boy is pursuing his education.
“The evidence so collected by the prosecution is of digital/electronic nature. The offence involves use of electronic devices and digital means. Yet, the prime accused who is the brain behind the offence has not hean traced out. Considering the use of mobile and technology and electronic devices in the commission of the offence, the possibility of absconding, tampering of the evidence and influencing of witnesses cannot be ruled out,” the court said.
Last week, the court had rejected the plea of another student, 23-year-old Shaurya Singh.
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