In one of India’s largest cybercrime busts, police have uncovered a massive fraud network worth over ₹3000 crore, operated from Thailand and Cambodia, but managed through a corporate setup in Bengaluru.
The syndicate used fake gaming and investment apps to lure victims. Shockingly, a single bank account linked to this fraud has over 5,000 unresolved complaints, yet remains unfrozen. Investigations so far have revealed 400 crore+ transactions through just four fake companies out of more than 100 created for the scam.
The investigation began in April 2025 when a teacher in Dholpur’s Bari Police Station reported a fraud of ₹15 lakh. Following the money trail, police traced the origin to a Bengaluru-based company named Abundance, which operates a payment app called TriPay.
The gang’s operations were organized in four key divisions:
- Onboarding Team – Created fake companies with full documentation.
- Reseller Team – Managed verification processes.
- Technical Team – Generated QR codes and links for scamming.
- Legal Support – Handled disputes and complaints.
One of the arrested directors, Rohit Srivastava, confessed that he transferred nearly ₹1 crore daily from fake accounts into the main company account.
Notable Cases:
- ‘Ruknak’ company had a turnover of ₹100 crore in just 6 months, but its directors lived in a slum and earned ₹27,000 per month.
- ‘Jovik’ company’s director was previously a security guard in the same fraud operation.
IG Bharatpur Range, Rahul Prakash, stated that the scam likely exceeds current estimates and has requested that a capable state or central agency take over the probe.