Two booked for renting out bank accounts to facilitate online fraud in Ahmedabad for 1% commission

Gaekwad Haveli Police in Ahmedabad have registered a case against two men from Jamalpur for allegedly renting out their bank accounts to an online fraud network in exchange for a 1% commission on deposits.

The action follows a probe by the Cyber Centre for Excellence, Gandhinagar, which identified suspicious transactions in several bank accounts across the state. Investigators found that a Union Bank of India account in Jamalpur had received money linked to criminal cases registered in Andhra Pradesh and Mathura. The amounts, running into lakhs of rupees, were later withdrawn through cheques.

Police identified the account holder as Mohammad Faizan Qureshi. During questioning, Faizan revealed that a man named Aaqib promised him and another accused, Sahid, a commission for allowing the use of their bank accounts. The duo provided details of their Union Bank and Kotak Mahindra Bank accounts to Aaqib.

Whenever funds were deposited, Faizan and Sahid withdrew the money and handed it over to another person, enabling illegal transactions worth several lakhs.

Gaekwad Haveli Police have launched further investigation into the fraudulent network.