A gang involved in cyber fraud that transferred ₹50 crore obtained by fraudulent means to Dubai, has been caught in Ahmedabad. 

Based on a tip-off, the Zone-7 DCP squad apprehended Chirag Nareshbhai Kadiya, 32, near the VS Hospital. Originally from Vav village and the resident of Isanpur, Ahmedabad, Kadiya was found to be renting out bank accounts under different individuals' names.

A detailed interrogation of Kadiya led to the registration of cases against a total of five individuals involved in renting out bank accounts for cyber fraud and other unauthorised financial transactions.

Ahmedabad police registered a case against Snehal Solanki, Mukesh Daiya alias Sam Thakkar, and Gopal Prajapati.

Kadiya earned a ₹10,000 commission for setting up bank accounts. Solanki recruited individuals willing to rent out accounts, Daiya provided pre-activated SIM cards, and Sam coordinated money transfers to Dubai through an angadia network.

During Kadiya’s arrest, police seized:

52 passbooks and cheque books from various banks

Over 45 Debit and credit cards

Over 30 SIM cards

QR codes from 15 banks

Three bank card-swiping machines

Modus operandi

The accused deceived innocent citizens into providing their PAN and Aadhaar cards to create fake bank accounts and companies since October 2024. 

The gang created five fake companies – Satyam Enterprise, Shivay Enterprise, Prajapati Trading, Rupal Enterprise, and Radhe Enterprise – to launder money across eight states, including Gujarat, Haryana, Delhi, West Bengal, Maharashtra, Andhra Pradesh, Gurugram, Assam, and Uttarakhand. Cybercrime branches from these states are now investigating the financial trail.

On the orders of Solanki, Kadiya used to open fake bank accounts, which were registered under enterprise names with rented offices as a front, pretending to trade in sarees and grains. Kadiya used WhatsApp calls to communicate with Sam in Dubai.

Daiya provided SIM cards for ₹1,200 each to facilitate net banking under fake identities. The bank account kits and SIM cards were then sent to Solanki, who forwarded them to  Sam in Dubai. Kadiya frequently withdrew money via checks or ATMs and also transferred funds using the angadia network.

One of the victims, Shalin Rajendrakumar Goenka from Bodakdev, was targeted in an online stock and gold trading scam in July 2024, losing ₹7 lakh.

Similar frauds were committed against other individuals, with the gang laundering ₹50 crore through 21 bank accounts in Ahmedabad.

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