Uttar Pradesh: Mobile banking scam to launder money busted | Lucknow News

LUCKNOW: The Anti-Terrorist Squad (ATS) of UP Police on Sunday arrested 14 individuals for buying SIM playing cards via solid paperwork and making fraudulent cellular transactions after opening accounts via on-line KYC submission, an choice launched by banks through the pandemic.
ADG (legislation and order) Prashant Kumar stated the accused opened accounts on-line in several banks in Delhi and laundered money via them. At least 250 SIMs and wrappers had been seized, he stated. Cops blew the lid off the scam throughout interrogation of a retired soldier lately nabbed for espionage.
IG, ATS, G Okay Goswami stated, it’s a brand new monetary fraud wherein transactions value lakhs had been performed from banks in Delhi at kiosks, with out utilizing ATM card. The gang kingpin, Prem Singh, was arrested from Moradabad.
“Singh purchased pre-activated SIMs from retailers and sold them for a premium. Between July 2020 and January 2021, he sold nearly 1,500 pre-activated SIMs to people in NCR and Delhi,” stated the IG.
A lookout discover has additionally been issued in opposition to a international nationwide, who bought a SIM card from Singh to open accounts in varied banks, switch money from unknown sources after which withdraw it.
Elaborating on the modusoperandi, Goswami stated, the accused fashioned a ‘banking bridge’ to exploit loopholes within the banking system throughout pandemic when most banks launched on-line submission of Know Your Customer (KYC) types.
“Mobile numbers of beneficiaries were added to these accounts. During transactions, beneficiaries had to visit a kiosk or ATM, enter the account number and own mobile number following which an SMS was sent to account holder’s mobile, who had to enter a PIN for approval,” he stated.
As quickly as an approval was made, the SMS was despatched to the beneficiary with OTP, which enabled transaction with out ATM card. Taking benefit of the loophole, the accused opened accounts with pretend paperwork after which bought pre-activated SIM playing cards.
ATS personnel obtained a whiff concerning the case whereas interrogating Saurabh Sharma, a retired sign man, arrested on January 8 for sharing data with ISI. His spouse Pooja Sharma’s KYC was used to open a web-based account and transactions had been performed.
Mohammad Faheem, Saimul Hasan, Hariom Arora, Tarun Surya, Piyush Varshney had been arrested from Sambhal, Prem Singh, Chandra Kishor from Moradabad. Their aides, Anshul Kumar Saxena and Prashant Gupta had been nabbed from Amroha. All had been despatched to jail, stated an ATS official.


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