Surat man arrested for transferring ₹10 cr to Pakistan via crypto wallet

The Gujarat State Cyber Crime Cell has uncovered a major money laundering racket involving the illegal transfer of funds obtained through fraud. A youth from Kamrej in Surat has been arrested for allegedly transferring over ₹10 crore worth of fraudulent money to Pakistan through the cryptocurrency USDT over the past four months.

Acting on specific information received by State Cyber Crime SP Dr Rajdeepsinh Zala, a surveillance operation was conducted, leading to the arrest of the accused, Chetan Gangani, from Kamrej, Surat.

Preliminary investigation revealed that Chetan Gangani used his crypto wallet to transfer more than ₹10 crore in the form of USDT (a cryptocurrency) to agents in Pakistan within just four months. In return, the Chinese gang allegedly paid the accused a certain commission for facilitating these illegal transactions.

According to the Cyber Crime Cell, intelligence inputs indicated that certain individuals in Gujarat were collaborating with Chinese gangs operating in Cambodia and Myanmar. 

Fraudulent funds deposited in bank accounts across cities in Gujarat were either withdrawn in cash or transferred online to agents based in Pakistan and Dubai.

Investigations further revealed that the accused had rented multiple bank accounts belonging to ordinary people across Gujarat. 

Large sums of money obtained through online fraud were deposited into these accounts and subsequently laundered through different channels.

The Wilson Garden Police have registered an FIR in the case, and further investigation is underway to identify and arrest other individuals involved in this interstate and international money-laundering network.