₹500 Crore Cyber Fraud Network: 18 Arrested As Mumbai Crime Branch Suspects Dubai-Based Gujarat Kingpin
Mumbai, August 20, 2026: The Mumbai Crime Branch has uncovered a major cyber fraud racket while investigating a case registered at Pydhonie Police Station. During the probe, Crime Branch Unit-2 conducted a raid on a luxury villa in Goa and initially arrested 12 suspects. The number of arrests has now increased to 18, and all the accused have been remanded in judicial custody. Dubai-Based Kingpin…
On August 20, 2026, the Mumbai Crime Branch made a significant arrest in their investigation into a ₹500 crore cyber fraud network. Initially, 12 suspects were arrested during a raid at a luxury villa in Goa, but the number has since risen to 18. All the accused have been taken into custody. The investigation led police to believe that the mastermind behind the operation is Ranveer, a citizen of Gujarat with alleged ties to a Dubai-based cyber fraud call centre.
A Lookout Circular has been issued for Ranveer, and authorities are working to locate and apprehend him. The Mumbai Crime Branch uncovered over 150 mule bank accounts linked to the rackets, with transactions totalling Rs 500 crore over the past six months. The gang is suspected to have ties to at least 83 cyber fraud cases across the country.
Authorities have found that the proceeds from these fraudulent activities have been converted into USDT (Tether cryptocurrency), making it challenging to trace the final location of the money. The investigation is now focusing on tracking down Ranveer, who allegedly operates from Dubai, as well as identifying other members involved in the international cyber fraud network.
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