9 arrested in Rs 1,500-crore multi-state cyber fraud case

Police trace ₹1,500 crore transactions in major cyber fraud racket; nine accused arrested across states including Gujarat

PGurus Newsdesk

February 27, 2026

15 bank accounts allegedly used to route fraudulent funds

Funds moved via mule accounts and angadia channels

Nine persons have been arrested so far in connection with an alleged ₹1,500-crore multi-state cyber fraud racket, including three accused held in Gujarat’s Rajkot district, police said on Thursday.

According to Rajkot (Rural) Superintendent of Police Vijay Gurjar, Telangana resident Adiluddin Mohammed was arrested on Wednesday for allegedly transferring funds into mule accounts and routing the money back through ‘angadia’ (traditional courier) channels.

The other two accused arrested in Rajkot have been identified as Mihir Rangani and Hiren Limbasiya. Police said they were responsible for arranging bank accounts, withdrawing funds, and transferring money as part of the racket. Six other individuals were arrested earlier on February 13.

15 bank accounts under scanner

Investigations revealed that 15 bank accounts were opened in various private banks and were operated through firms registered with Agricultural Produce Market Committees (APMCs).

Police said APMC-linked accounts were allegedly used because GST and TDS compliance norms are structured differently for such entities, making them vulnerable to misuse.

“These accounts channelled three distinct categories of funds — proceeds of cyber fraud, gaming-related transactions, and money linked to GST activities,” SP Gurjar said.

Transactions worth ₹1,500 crore traced

So far, investigators have traced transactions amounting to approximately ₹1,500 crore through the suspect accounts.

Authorities also said that 180 complaints have been registered on the National Cyber Crime Portal (1930) in connection with the racket. Of these, 21 complaints are from Gujarat involving ₹2.94 crore, while 159 complaints from other states account for losses of ₹20.21 crore.

Further investigation is underway to trace additional beneficiaries and financial links in what police describe as a large-scale organised cyber fraud network spanning multiple states.

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