In a shocking incident of cyber fraud, S P Oswal, the chairman of Vardhman Group, was duped of 7 crore by an inter-state gang of cybercriminals. The fraudsters posed as officials from the Central Bureau of Investigation (CBI) to execute their plan.
The scam involved the fraudsters approaching Oswal under the guise of CBI officers, presenting him with a fake arrest warrant, and threatening him with an online arrest. This deception led Oswal to transfer the amount from various bank accounts associated with the Vardhman Group.
Police Action and Arrests
The Punjab Police swiftly responded to the incident and arrested two cybercriminals, identified as Atanoo Choudhary and Anand Kumar Choudhary, both residents of Guwahati, Assam. The police managed to recover 5.25 crore from the arrested individuals.
According to the police, the arrested individuals are part of a larger inter-state network specializing in duping industrialists and other high-profile individuals. Seven additional members of the gang have been identified, and efforts are underway to apprehend them. All the identified members are believed to hail from Assam and West Bengal.
Ongoing Investigation
The Punjab Police cyber cell registered the case based on Oswal's complaint and managed to solve it within 48 hours. The police are continuing their investigation to bring the remaining suspects to justice.
This incident is part of a growing trend of sophisticated cyber frauds targeting high-profile individuals. Just a week earlier, another local businessman, Rajnish Ahuja, was also defrauded of 1.01 crore in a similar scheme.
