Kanpur Police Arrest Two in ₹2.66 Crore Investment Cyber Fraud Case

Kanpur Police arrested two men in connection with an alleged cyber fraud case involving approximately ₹2.66 crore. The victim, a leather and footwear exporter from Jajmau, was allegedly targeted through a fake online investment scheme presented under the name Finsol Private Limited. According to investigators, the victim was initially encouraged to invest a small amount and received a return, which built false confidence. He was subsequently persuaded via WhatsApp to download an application and transfer large sums between June and August.

When the promised returns failed to materialize and the victim could not withdraw his funds, he reported the matter to the police. Investigators discovered that the stolen money was rapidly moved through a complex web of bank accounts. Police stated that the arrested suspects utilized corporate internet banking facilities, normally reserved for legitimate businesses, to distribute the fraud proceeds across 89 different accounts to hinder tracking and recovery efforts.

Police inquiries revealed that the accused operated several fake or front firms, such as Heavy Motor Driving School and Sadbhavna Solution Private Limited, to manage multiple bank accounts. Authorities linked these accounts to dozens of cybercrime complaints and multiple FIRs registered across various states, including Maharashtra, Delhi, and Tamil Nadu. Investigators believe the local suspects were part of a wider network coordinated by handlers operating from Mumbai.

Not yet reported: The exact court charges or sections applied under the law are not specified in the reports.