Madhya Pradesh: Four students arrested for sharing their bank accounts with a digital fraud gang to earn commissions

Four Students Arrested in Madhya Pradesh for Allegedly Aiding Digital Fraud Gang

Bhopal, Madhya Pradesh – In a significant crackdown on digital financial crimes, the Madhya Pradesh police have arrested four college students for allegedly sharing their bank accounts with a cyber fraud gang. The arrests were made following an investigation into a series of fraudulent online transactions that duped unsuspecting victims of lakhs of rupees.

According to law enforcement officials, the accused were approached by the gang through social media platforms, where they were offered attractive commissions for allowing their bank accounts to be used for financial transactions. The students, lured by the promise of easy money, allegedly provided their account details and ATM cards to the fraudsters.

"The gang used the students' accounts as conduits to transfer stolen funds, making it difficult to trace the money back to the perpetrators. These accounts were pivotal in laundering money from various online scams," a senior police officer stated during a press briefing.

The police were able to trace the accounts during a probe into recent cyber fraud complaints. The arrested students, whose identities have been withheld, reportedly admitted to their involvement during interrogation. Officials revealed that the students received a small percentage of the transferred amount as commission for their cooperation.

Authorities have warned the public, particularly young individuals, about the risks of sharing personal financial details with unknown parties. "This incident highlights the growing trend of cybercriminals exploiting students and unemployed youth to facilitate their illegal operations," the officer added.

Further investigations are underway to dismantle the larger network involved in these fraudulent activities. The police have also urged citizens to remain vigilant and report any suspicious activities related to digital transactions.

This incident has sparked concerns about the increasing use of vulnerable individuals in cybercrimes and underscores the need for awareness and stringent regulations to curb such activities in the digital era.