The Basistha Police in Guwahati on January 21, successfully uncovered a significant ATM fraud racket, which leads to arrest five frauds involved in the financial scams.
The arrested fraud identified as Asif Iqbal Hussain, Sahil Ahmed, Ariful Islam, Dewan Azlan Haris, and Abdul Azad.
Police have launched operation in the city to catch the frauds. In this operation police arrested 5 individual with 17 ATM cards from various banks, two motorcycle and two iPhones. Police seized the recovered items.
Investigators suspect the arrested individuals are part of a broader network engaged in financial fraud. A detailed investigation is currently underway.
This is not the first time Guwahati police arrested the financial frauds. Earlier, last year a team form Gorchuk Police Station, led by Inspector Mayurjit Gogoi, uncovered another network of cyber fraudsters during a raid at a lodge in Boragaon.
Preliminary investigations revealed that the accused from the previous case targeted the needy people to open saving or current account. These accounts opened by targeting financially vulnerable individuals, convincing them to set up current or savings accounts and handing over all related banking documents, such as passbooks, ATM cards and cheque books, in exchange for a promised profit.
The fraudsters would then sell these accounts to other cybercriminal groups. Each account reportedly earned the gang INR 1,00,000, with the original account holders receiving just 20% of the amount transacted.
Guwahati police continue to crack down on such financial crimes, urging citizens to remain cautious and avoid falling victim to similar scams.
