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CA Arrested in Rs 25 Crore Cyber Fraud: Money Routed to China, Hong Kong, and Singapore In a major breakthrough, the Thane cyber crime branch has apprehended a Chartered Accountant (CA) and an accomplice involved in a sophisticated cyber attack on a payment gateway firm, resulting in the unauthor
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FAQ :
A Chartered Accountant and an accomplice have been arrested by the Thane cyber crime branch. Eleven individuals in total have been apprehended in connection with the case.
The cyber fraud involved the unauthorised siphoning of Rs 25 crore (£25 million).
The embezzled funds were routed to various countries, including China, Hong Kong, and Singapore.
The Chartered Accountant allegedly used his expertise to generate 365 fraudulent 15CB certificates, which are required for payments to non-residents, thereby aiding the primary accused in illicit financial transactions and routing money abroad.
The investigation began after a payment gateway company's software was hacked, leading to the unauthorised transfer of Rs 25 crore. A case was subsequently registered with the Shrinagar police station in Thane.
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