5 Held For Renting Bank Accounts To Fraudsters In Gwalior For Online Betting Scams

Gwalior (Madhya Pradesh): Five people were arrested by the Crime Branch in Gwalior on Sunday for renting out bank accounts to fraudsters involved in online betting scams.

Acting on a tip-off, the police detained the accused near the VC Bungalow on Sachin Tendulkar Marg.

The suspects allegedly used mobile phones to illegally rent out bank accounts, which were later used to deposit money obtained through cyber fraud.

The five accused were identified as Abhi alias Abhishek Yadav (20), resident of Bahodapur; Priyanshu Rajawat (19), resident of Lakshmipuram Colony Transport Nagar; Avinash Soni (22), resident of Porsa, Krishna Sharma (19), resident of Morena district; and Harsh Yadav (19), resident of Lakshmipuram Colony Transport Nagar.

Additional Superintendent of Police Krishna Lalchandani told Free Press that police are continuously interrogating the arrested accused. Also, the police had arrested a 3-member gang from a hotel on November 4, which might have connections with them.

According to information, the police after getting the information regarding the five accused reached the spot and detained them. During the investigation, one of the accused told the police that he used to take bank accounts on rent from people and gave them to a person living in Indore.

When the mobile phones of the accused were checked, details of several bank accounts were found. The police is currently tracing all the bank accounts and further investigations are underway.

The police have also seized 3 mobile phones including 2 iPhones and ATM card of Canara Bank.

The police registered a case against the accused under Section 318 of the Bharatiya Nyaya Sanhita (BNS) and Section 66D of the Information Technology Act.