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UPI QR Code Scam: New Type of Digital Theft; Gangs that cheated crores - how did they get caught?
vikatan | September 13, 2024 11:04 AM CST

In Telangana's Hyderabad, some electronics wholesalers have gone missing after the money was credited to some of their purchases. The owners of electronics shops have filed complaints in various police stations including Farabad, Hyderabad and Rachakonda, suspecting that there is fraud behind this. The police have started an investigation in this regard.

 

At the end of this investigation, it was discovered that a gang was involved in the fraud in a sophisticated manner. In this regard, the police said, ``A group between the ages of 20-25 is entering the big electronics wholesale business. They buy electronics and home appliances in lakhs there. They share the UPI scanner with a partner from Rajasthan for payment. He pays for the items through the UPI QR Code. Immediately the gang would take away the items like customers.


Next, the partner in Rajasthan, who immediately paid the amount, files a complaint with the bank that the money has been sent to the wrong bank account. Following this complaint, the transaction is reversed and the money is remitted to the Rajasthan partner's bank account. In this manner, the stolen goods are sold and the profits are shared by all.

Investigation has revealed that 13 people have joined a group and committed digital theft worth around Rs.4 crore. Rs 1.72 lakh in cash and electronic items worth over Rs 50 lakh were seized. So far, Somraj, Sunil, Sharwan, Somraj, Sivalal, Ramesh, Shravan, Pappu Ram, Shravan, Rakesh, Ramesh, Ashokumar have been arrested in this case.


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