₹250 crore fraud by two Intermediate-pass youths:Fake firms floated in Kanpur; ₹1.5 crore frozen in e-rickshaw driver’s account

Two Class 12-pass youths allegedly carried out a ₹250 crore fraud in Kanpur. To create a show of legitimacy, they opened 38 fake companies. On the pretext of arranging loans, they collected documents from an e-rickshaw driver and several students. Police on Tuesday exposed the case and sent both accused to jail. Police Commissioner Raghuvir Lal said transactions worth ₹117 crore were found in the account of the e-rickshaw driver’s son. An amount of ₹1.5 crore in the same account has been frozen. The accused had formed an organised gang to carry out the fraud. Police are searching for five absconding accused. Took papers for loan, then opened fake company According to the Police Commissioner, Anurag Verma, a resident of RK Nagar, lodged a complaint at Nazeerabad police station. He said he had submitted documents to an agent to obtain a loan for his sister’s wedding. The loan was never sanctioned, but his documents were misused. When police and the cyber cell began investigating, they were shocked by what emerged. The probe revealed that using his documents, a bogus company named Parvati Traders was created in Yashoda Nagar. An account was opened in the firm’s name at HDFC Bank. The fraudsters registered their own mobile numbers for GST and bank records. Crores were claimed as Input Tax Credit (ITC) in the firm’s name and GST was evaded. During the investigation, another case surfaced. Ujjwal Gupta, son of e-rickshaw driver Manoj Gupta from Indira Nagar in Unnao, had also submitted documents for a loan for his mother’s medical treatment. A company was formed in his name and ₹117 crore was transacted through an HDFC Bank account opened in his name. When Manoj and his son Ujjwal were taken into custody, they were stunned to learn about the massive transactions and crores of rupees routed through their account. Further inquiry revealed that the accused created bogus firms using documents collected in the name of loans and carried out GST evasion. In total, transactions worth around ₹250 crore were traced across 38 fake companies. Inter pass youths were conducting fraud worth crores The Police Commissioner said Kapil, who is ITI-qualified, and Raj alias Amardeep, both Intermediate pass, have been arrested. Five other gang members have been identified, and police teams are conducting raids to arrest them. The team that uncovered the gang has been rewarded ₹50,000. Understand in 4 points, how they carried out the fraud 1.50 crore frozen in e-rickshaw driver’s account During the probe, a firm named “Parvati Enterprises” was found to be fraudulently registered in the name of a poor rickshaw driver, who had no knowledge of the firm or its bank account. Around ₹1.5 crore in that account has been frozen. A total of 12 other firms were being operated in connection with Parvati Enterprises, and transactions were also conducted with two additional firms. Got trapped while trying to get loan for sister’s marriage The Police Commissioner said complainant Anurag Verma had handed over his documents to Kapil Mishra in the hope of securing a loan for his sister’s wedding. For about one-and-a-half months, he was told that the loan was under process. Meanwhile, the accused had already opened a firm in his name and obtained GST registration. Financial transactions and GST-related dealings were carried out through the HDFC Bank account linked to the firm. 30 mobile phones and 52 keys recovered The accused provided their own numbers during the registration of bogus companies. They kept multiple mobile phones to obtain different OTPs. So far, approximately 30 mobile phones and 52 keys have been recovered, confirming the operation of numerous fake firms. When the complainant suspected that his documents were being misused, he contacted the police. Initially, the investigation began based on suspicion of cyber fraud, but detailed investigation revealed a large-scale GST theft and document misuse case. Fraudsters registered these 38 bogus companies Gauravi Traders, Poorti Trading, Omkar Communication, Shiv Shakti Trading, Kamayani Communication, Vaishnavi Trading Company, Maa Kansari Traders, Shriram Traders, Maa Enterprises, Lighting Enterprises, Bihari Traders, Dal Traders, S.K. Enterprises, K-N Trading, N.S. Trading, Shivay Communication, Shri Shyam Traders, Maa Vaishno Traders, Parvati Traders, Shankar Enterprises, Shri Durga Store, Mohan Enterprises, Yash Baba Enterprises, Divya Trading Company, Annapurna Traders, Gauri Enterprises, Gupta Enterprises, Aryan Traders, Shri Shyam Enterprises, Ganesh Traders, Shyam Traders, Man Traders, Anil Ka Enterprises, Dev Enterprises, Neelam Traders, Maa Kali Enterprises, Vandana Traders, Durga Traders.