Latest news with #RTGS
Indian Express
7 hours ago
- Indian Express
Bengaluru police arrest 15 men for luring businessmen with cryptocurrency scheme, staging robbery to steal cash
Fifteen members of a gang that allegedly lured businessmen to invest in cryptocurrency schemes with promises of doubling their money and then stole the cash by staging robberies have been arrested, the Bengaluru police said on Tuesday. According to the police, the scam came to light when a man approached the Vidyaranyapura police on June 26, saying he was robbed of Rs 2 crore during a business transaction. When the police began investigating, they allegedly realised that the complaint was a ruse to misguide them. Seemant Kumar Singh, Police Commissioner of Bengaluru, stated on Tuesday that the investigation revealed the accused had split their gang into two groups. The first group allegedly approached wealthy businessmen, built trust, and then offered to convert their excess, unaccounted cash into cryptocurrency, particularly USD Tether. They allegedly promised to double the investment and reroute funds through RTGS transactions, and also offered GST benefits. Once the businessmen were convinced and agreed to convert their black money into white, the second group staged a robbery while the cash transaction was taking place, the police said. According to the police, in the June 26 case, the gang allegedly targeted businessmen Bharath Singh from Bengaluru and Abhishek from Mangaluru, offering to convert Rs 2 crore through the cryptocurrency scheme. The police recovered Rs 1.11 crore in cash and seized several assets, including four cars, four two-wheelers, two autorickshaws, multiple weapons (two knives, one long knife, one machete), and eight mobile phones from the accused. The police identified the accused as Benjamin Harsha, 45, from Yelahanka; Rakshith M, 29, from Tumakuru; Chandra Shekar HS, 58, from Bagalagunte; Syed Akeeb Pasha alias Akeeb Pasha, 30, from Vidyaranyapura; Mohammed Suhail, 28, Salman Khan, 32, and Muheeb S, 30, from Vidyaranyapura; Mohsin Khan, 32, from Chamarajpet; Salman Khan, 35, from Banashankari; Shreeharsha V, 33, from Kengeri; Syed Amjod, 31 and Syed Afrid, 27, from MS Palya; Syed Wasim, 23, from KR Puram; Sheikh Wasim, 33, from Vinayak Nagar and Mohammed Ateeq, 38, from Kumaraswamy Layout. Many of the arrested suspects have previous criminal records, the police said, adding that four accused—Sandeep, Sheikh Saadu, Rakesh, and Mohammed Shabir—are absconding.
New Indian Express
9 hours ago
- New Indian Express
Crypto scam twist: Bengaluru man who reported Rs 2 crore robbery turns out to be mastermind
BENGALURU: In a dramatic twist to the Rs 2 crore robbery case reported in Vidyaranyapura last month, investigators have uncovered that the complainant himself orchestrated the entire heist. The police have arrested 15 people, including the complainant, identified as Shri Harsha, for cheating two businessmen under the guise of converting their cash into the cryptocurrency USDT (Tether). Four more suspects remain at large. The arrested have been identified as Harsha, a businessman, Rakshith M, Chandrashekhar, Benjamin Harsha, Syed Akhib, Mohammed Suhail, Salman Khan, Muheeb S, Mohsin Khan, Salman Khan (second accused with same name), Syed Amjad, Syed Afreed, Syed Wasim, Mohammed Ateeg. Sandeep, Sheikh Sadu, Rakesh and Mohammed Sabeer are absconding. According to the police, Harsha filed a complaint on June 25, claiming that he had been robbed by five armed men while facilitating a cryptocurrency transaction in MS Palya. He alleged that during the deal, the gang assaulted him and his associated and escaped with Rs 2 crore in cash. However, the case took a turn after the arrest of the suspects. During interrogation, they revealed Harsha's role in plotting the crime. Further investigation, bolstered by CCTV footage and call record analysis, confirmed Harsha's involvement. Police said Harsha had lured two businessmen — Bharath Singh from Bengaluru and Abhishek from Mangaluru — promising high returns by converting their Rs 2 crore cash into USDT. He assured them that the deal would be routed through RTGS with GST-compliant documentation and premium profit margins.
Time of India
4 days ago
- Time of India
Woman loses over Rs 14 lakh in online scam
Udupi: A woman from Shirva fell victim to a digital arrest scam after being threatened and tricked by conmen posing as police officers and losing Rs 14.1 lakh. The complainant, Mary, received a phone call on her mobile number on July 9. The caller, speaking in Hindi, claimed that a complaint was filed from her mobile number, alleging that a billionaire named Naresh Goyal from Bihar was involved in financial misconduct and that money from him was credited to her account. The caller further said that to clear her name from the case, she needed to show the govt that there was no money in her bank account. When the complainant refused to comply, the caller asked her to speak with another official and threatened that a case was registered against her at Colaba police station in Mumbai. Later, a person identifying himself as Sandeep Jadhav called her and spoke in Hindi. He showed her a video supposedly featuring a police team and scenes of someone being taken away, further threatening her. Believing them to be genuine police officers, the complainant shared her bank account details and Aadhaar card information over a video call. Under pressure from their threats, she went to the bank on July 14 and transferred Rs 14.1 lakh via RTGS to the account they provided. Realising she was duped, she filed a police complaint. A case was registered at Shirva police station under Sections 316(2), 318(2) of the BNS and Sections 66(C), 66(D) of the IT Act.
Mint
4 days ago
- Business
- Mint
Bank holiday today: Are banks open or closed on Saturday, July 19? Check here
Bank Holiday Today: Banks across India, except those in Tripura, will be open on Saturday, July 19, since it is the third Saturday of the month. Banks in Tripura will remain closed today, 19 July, due to celebration of Ker Puja. There are bank holidays across India on the second and fourth Saturdays, as per RBI bank holiday rules. Since it is the first Saturday of the month, banks will remain open on July 19. The RBI categorises all bank holidays into three parts, namely, Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays and banks' closing of accounts. This is why, bank holidays change depending upon the area you reside in. Banks remain closed on all Sundays. Apart from weekends, bank holidays are based on national, regional and religious observances, depending on the state of residence. These holidays are determined by the RBI holiday calendar, which is released during the beginning of each year. Online banking services do not follow bank holidays rule and remain available all throughout the year. This enables customers to get their needs addressed even on bank holidays. Online banking services can be used for various purposes including UPI access, money transfer, applying for online loan, net banking, requesting for a chequebook and other transactions. Here is the full list of July 2025 bank holidays: July 3 (Thursday) - Kharchi Puja: Banks were closed in Agartala July 5 (Saturday) - Guru Hargobind Ji's Birthday: Banks were closed in Jammu and Srinagar July 14 (Monday) - Beh Deinkhlam: Banks were closed in Shillong for Beh Deinkhlam July 16 (Wednesday) - Harela: Banks in Dehradun were closed for Harela July 17 (Thursday) - Death Anniversary of U Tirot Singh: Banks remained shut in Shillong July 19 (Saturday) - Ker Puja: Banks in Agartala will be closed for Ker Puja July 28 (Monday) - Drukpa Tshe-zi: Banks in Gangtok will be closed However, you will be able to avail ATM and online banking services on all these bank holidays.
Time of India
7 days ago
- Time of India
Woman loses Rs 61.2L in digital arrest scam
Mangaluru: A woman fell victim to a digital arrest scam and lost Rs 61.2 lakh in Mangaluru. According to police, the complainant claimed she received a call on June 19 from an unknown person claiming to be investigation officer Sandeep from Colaba police station, Mumbai. Speaking in English, the caller alleged that someone was involved in illegal activities such as human trafficking and drug smuggling using the complainant's identity card, and the latter's Canara Bank account was being used for money laundering. The complainant later received some more calls on the same day. During these calls, the complainant was threatened that if the matter was disclosed to her husband or anyone else, her husband would lose his job. The next day, someone identifying himself as investigation officer Mohit Kumar made a WhatsApp video call. He reiterated the same allegations and collected the complainant's personal details, PAN card information, and bank account details. He told her her accounts needed to be verified and instructed her to transfer money, assuring her that the full amount would be refunded. Under fear and pressure not to disclose this to anyone, the complainant did not inform anyone about the matter. From June 21 to July 9, she transferred a total of Rs 61.2 lakh — in phases — via RTGS to various bank accounts as instructed by the unknown individuals. When the fraudsters continued to demand more money in the subsequent days, the complainant finally informed her husband and children and realised she was cheated. A case has been registered at the CEN crime police station.
