Four individuals have been arrested in connection with an INR 25 crore theft and the hacking of a payment gateway company's software. Authorities have uncovered the planning that included making a fake company and the transfer of funds using false documents.
Two of the individuals are residents of Gujarat. They were already under custody in connection with the incident in another investigation. That investigation had revealed that INR 1.39 crore, from the pilfered INR 25 crore, was moved to the account of the fake company.
From this information, the police investigated the Navi Mumbai office of the fictitious company. There, they found false paperwork that the four partners had used to register the business, situated near Thane Railway Station.
Then, a new case was reported at the Naupada police station. Charges included cheating, forgery, and other forms of criminal conspiracy. The police claim to have found numerous bank accounts and notarized papers during their extensive investigation.
The financial scope of the investigation is substantial. This is because the transactions in various bank accounts total more than INR 16,180 crore. A portion of that money has also been transferred to international bank accounts.
The full extent of this racket is still being unraveled. Currently, the investigation is in its early stages.
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