Telangana police have apprehended a 13-member gang from Rajasthan, accused of defrauding electronics stores in Hyderabad of ₹4 crore. The group reportedly used a scheme where they paid for goods via UPI and later falsely claimed the transactions were fraudulent to get their money back.
Police recovered ₹1.72 lakh in cash and electronic appliances worth ₹50 lakh from the gang. They operated in two factions—one in Hyderabad to make purchases and another in Rajasthan to handle payments. After buying high-value items, they sold them in the open market and then filed fraudulent transaction claims to reclaim the funds.
The scheme was discovered after multiple complaints from Bajaj Electronics, leading to the arrest of the gang members, aged between 20 and 25. The gang includes individuals with names such as Som Raj and Ashok Kumar.
Recent reports have indicated a rise in UPI-based scams across India, with Bhubaneshwar police in July handling nearly 2,400 complaints involving over ₹36 crore. In response, the RBI announced plans in June to create a Digital Payments Intelligence Platform to address and prevent such frauds.
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