4 youths got Bengaluru students to open bank accounts for parking fraud funds
Four youths from Rajasthan were apprehended in Bengaluru for their alleged involvement in a cyber fraud scheme. The group, including two students, provided bank accounts to a China-based syndicate that defrauded individuals through fake trading investments and part-time job offers. They opened numerous accounts using student identities, funneling funds through hawala transactions and cryptocurrency investments.
