₹5.2 crore NRI cyber fraud, accused arrested

April 17, 2026

The police have not been able to recover the full amount of ₹5.20 crore from an NRI in Jodhpur even after 3 years. The fraud was carried out by an accountant. The accused is in police custody, but still, only ₹1.45 crore could be recovered in 3 years.

KK Mehta, an advisor at Jaipur Foot, had collected this money to help the poor. It is alleged that the police investigation is proceeding very slowly. Taking advantage of this, the accused is destroying all the evidence.

What is the case?

NRI Krishna Kumar Mehta, a resident of New York, filed an FIR at the Jodhpur Cyber Police Station on August 14, 2023. In the complaint, he stated that ₹5.20 crore had been systematically withdrawn from his bank accounts and transferred to different accounts.

According to Mehta, about 6-7 years ago, he had hired an accountant to keep track of transactions for the operation of his IDBI and HDFC bank accounts.

Taking advantage of this trust, the accountant gradually gained full access to the accounts and started getting OTPs sent to his mobile number. In July 2023, when Mehta requested statements, the accused kept delaying.

Meanwhile, on August 10, 2023, Mehta checked his accounts. It was revealed that 5.2 crore had been withdrawn from the accounts.

Who is the mastermind?

The main accused is Gulab Banjara, a resident of Chopasani Housing Board area in Jodhpur. He used to work at the victim’s place as a part-time accountant.

He was paid around ₹14,500 per month, but he had full access to the bank accounts and control over OTPs.

Meanwhile, Prem Bhandari, chairman of the Rajasthan Association of America, alleges that Gulab Banjara embezzled money from the account and invested it according to his own discretion.

During this, he invested in the wrong place and himself became a victim of cyber fraud. The entire money went to cyber fraudsters because Gulab had full access to the accounts.

He was investing on his own without informing K.K. Mehta and the concerned people. That is why he has been made the main accused. In this case, the police, after investigation, caught one accused from Bihar.

Arrest from Bihar: Accused Rishabh Caught, ₹60 Lakh Recovered from Account

In March 2024, the police took significant action in this case by arresting the accused Rishabh from Vaishali, Bihar. For this, the police set up a camp there for about 7 days to conduct investigations and track locations.

During the investigation, it emerged that a part of the swindled amount had been transferred to the accused’s account. The police recovered approximately ₹60 lakh from his bank account.

Swindled Money Transferred to 71 Bank Accounts

The biggest revelation in the investigation was that the entire amount was transferred to 71 different bank accounts. This method is commonly used in major financial crimes to confuse investigation agencies and lose the money’s trail.

Money was moved quickly from one account to another. Some amounts were withdrawn as cash from some accounts, while in others, the money was transferred via online transactions.

Recovery has not happened so far

After the arrest of the main accused, the victim NRI had hoped to recover their money. But after that, the pace of the investigation slowed down. So far, a total recovery of about 1.45 crore has been made. This amount has also been recovered not at once but in small portions on different dates. Still, an amount of about 3.75 crore remains to be recovered.

21 November 2025: ₹2.50 lakh
19 December 2025: ₹3.66 lakh
26 December 2025: ₹3.58 lakh
30 December 2025: ₹1.10 lakh
23 March 2026: ₹87,873

Where exactly was the negligence?

The biggest negligence in this whole matter came to light at the initial stage during the investigation. Even after the complaint, the suspicious bank accounts were not frozen in time, which gave the accused a chance to transfer money from one account to another.

In cases of cyber fraud, the first 24 to 72 hours are extremely crucial, but swift action could not be taken within this window. Transactions had occurred in different banks, and coordination between those banks did not happen on time.

After withdrawing money from several accounts, those accounts were closed, which made it difficult to track them. The victim alleges that even at the investigation level, the police were quite sluggish.

The case got stuck at the DCP office. The victim had demanded the formation of an SIT, which did not happen.

Who is NRI KK Mehta?

KK Mehta is an NRI industrialist and social worker living in New York, who has a deep connection with Jodhpur. He has been engaged in social work for many years and especially takes the lead in helping the people of Rajasthan.

During the time of Corona, he provided oxygen concentrators, food and essential supplies, and financial assistance, as well as helped Indians stranded abroad.

He continuously works through trusts and social organizations for health, helping those in need, and the development of society.

KK Mehta Trust chairman and Rana (Rajasthan Association of America) President Prem Bhandari allege that the police delayed the file.

A team was not formed to apprehend the officials and for the remaining recovery. The proposal to appoint a CA in the case was approved by the police headquarters.

So far, neither a CA has been appointed by the police, nor has proper coordination been done with the banks. The investigating officer, Manglesh Chundawat (investigating officer), stated that more than one crore rupees have been recovered so far, while the process of recovering the remaining amount is ongoing.