Nagpur: The Nagpur Rural Police have busted an inter-state cyber fraud racket allegedly involved in siphoning off ₹9.88 crore from a victim’s bank account through RTGS transactions without requiring an OTP or a link download. Six accused, including an advocate practising in the Bombay and Delhi High Courts, have been arrested. Police have frozen and recovered ₹4.21 crore of the defrauded amount.
The fraud allegedly occurred between July 4 and 6, 2026, when unidentified persons transferred ₹9,88,83,999 from the victim’s bank account through RTGS transactions. Although the victim’s mobile number was registered with the account, no OTP was shared and no suspicious link was downloaded. Investigators suspect that SIM swapping may have been used to facilitate the transactions and are probing the possibility.
The victim promptly lodged an online complaint with the Nagpur Rural Cyber Police Station. Based on the complaint, a case was registered at Wadoda police station on July 8 under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and Section 66D of the Information Technology Act.
The timely complaint enabled investigators to freeze and recover ₹4,20,61,162, approximately ₹4.21 crore, from the money allegedly siphoned off.
Six accused arrested across four states
Under the guidance of Superintendent of Police Harssh A. Poddar, Additional Superintendent of Police Anil Mhaske, and Assistant Superintendent of Police and Kanhan Sub-Divisional Police Officer Shashant M.M., teams from the Local Crime Branch, Cyber Police Station and Wadoda police station jointly investigated the case.
Investigators conducted a technical analysis of suspicious bank accounts and accounts linked to fintech companies. Police teams were sent to locations in Delhi, Mumbai and Uttar Pradesh, leading to the arrest of six accused from Uttar Pradesh, Jharkhand, Delhi and Mumbai.
The arrested accused have been identified as Hanuman Kumar Khakhnu Ram (26), from Ghazipur, Uttar Pradesh; Ravikumar Ramvriksh Yadav (24), from Shivni, Uttar Pradesh; Azim Rafiq Mithani (26), from Mumbai; Mukeshkumar Shamshankar Mishra (41), from Mira Road in Thane district; Rakesh Sailesh Singh (44), from Baniadih in Jharkhand’s Palamu district; and Ankur Ashokkumar Goswami (30), from Nandgram in Ghaziabad district, Uttar Pradesh.
Money allegedly routed through over 1,000 bank accounts
The investigation has revealed that the accused allegedly established several companies, including Datasha Private Limited, Shri Fintech and Ractover Private Limited, and used mule bank accounts to route funds linked to multiple cyber frauds.
Police suspect that the racket involved organised layering of funds and large-scale money laundering. The alleged proceeds were routed through financial services companies and payment gateways, withdrawn in cash and transferred through hawala channels.
Investigators found that transactions passed through more than 1,000 bank accounts in multiple layers before the funds were circulated through different fintech companies for payouts. The probe has also revealed that some of the money was allegedly used to purchase gold at locations in Mumbai and Uttar Pradesh after being moved through multiple accounts.
Police said some of the accused had worked in the banking sector for six to seven years, while some had been employed with Renet Technology Private Limited in 2024. A case involving alleged financial fraud of around ₹3,400 crore has been registered against the company in Indore. Investigators suspect that the accused may have used their knowledge of banking systems to plan and execute the transactions.
Advocate allegedly directed other accused
Among those arrested, Mukeshkumar Shamshankar Mishra is an advocate who practises in the Bombay and Delhi High Courts and has reportedly handled cybercrime-related cases. Police allege that he guided and directed the other accused in executing the fraud. He operates a Mumbai-based legal firm named Lawmatics.
Investigators are also examining the alleged role of angadia networks and hawala channels operating in Mumbai and Delhi to trace the movement of the money.
ED coordination as financial probe widens
Forensic examinations, digital analysis and financial audits are underway to establish the complete money trail. Police are scrutinising accounts held with various fintech companies and mule wallets as part of the investigation.
Considering the scale and financial implications of the case, the Nagpur Rural Police are coordinating with the Enforcement Directorate (ED).
A preliminary audit has identified several bank accounts that may belong to other victims. Investigators suspect that the racket may have targeted additional people and are examining the accounts to identify potential victims and establish further links.
The process of transferring the recovered amount back to the victim’s bank account is underway. Further investigation is in progress.
