Cyber ​​fraud of Rs 8 crore, two accused arrested and investigation into the network continues

West Champaran (Bagaha). In Bagaha, the police has exposed an organized cyber gang that cheated people of crores of rupees on the pretext of getting huge profits by investing in the stock market. During the investigation of the case registered in the cyber police station, it came to light that the fraudsters had committed a fraud of about Rs 8 crore in a well-planned manner.

In this case, the police have arrested two accused and sent them to judicial custody, while the investigation of the entire network is still going on. The above information was given by Superintendent of Police in-charge Nirmala Kumari by issuing a press release.

He said that on the basis of the victim’s application, investigation was started by registering cyber police station case number 24/25. As the investigation progressed, it became clear that this was not an ordinary online fraud, but an organized cyber crime, in which technical methods and weaknesses of the banking system were taken advantage of.

Police investigation revealed that instead of keeping the defrauded amount in a single account, it was moved to several accounts under the layering system. In the first phase, money was collected directly from the investors and later the amount was transferred to different accounts, so that the real trail of money could be broken and the investigation could be diverted.

During the investigation, a company named WS Innuvatax Pvt Ltd came to light, which appeared legitimate on paper, but in reality it had no real business. According to the police, the fraudulent amount was transacted by opening bank accounts in the name of this company.

This company was formed only for the purpose of carrying out cyber fraud. In this case, the police arrested Wasim Akram alias Said Samruddin, resident of Nawab Bahadur Road, Police Station Khagaul, District Patna on 3 December 2025.

During the interrogation, many important information came to light, on the basis of which the investigation was taken forward. After this, the police arrested Shivam Chauhan, resident of New Ganga Bihar, Sector-05, Police Station Khoda, from Ghaziabad, Uttar Pradesh on 8 December 2025.

After being brought on transit remand, he was sent to judicial custody on December 11, 2025. Police say that this gang is not limited to only two accused. Many dummy account holders, handlers and other people may also be involved in this fraud. At present, a thorough investigation of bank accounts and digital transactions is being done. Police are hopeful that in the coming days, the names of more people associated with this network may come to light.