Rajasthan Police Bust Interstate Fraud Syndicate in Rs 5.3 Crore Scam, 17 Arrested

May 2, 2026

Rajasthan Police have busted an interstate fraud syndicate involved in a Rs 5.3 crore scam and arrested 17 people for allegedly impersonating senior company officials to dupe victims into transferring money, officials said on Saturday.

According to police, the accused operated a well-organised network across multiple states and targeted employees and business associates of various companies. The fraudsters allegedly posed as company bosses or top executives and contacted staff members through phone calls and digital communication platforms, instructing them to urgently transfer funds into bank accounts controlled by the syndicate.

Investigators said the gang used sophisticated methods to make their communications appear legitimate, including spoofed phone numbers and fake digital identities, to gain the trust of victims. Once the money was transferred, the funds were quickly routed through multiple accounts to make tracing difficult.

Multi-State Operation Exposed

Police said the syndicate had spread its operations across several states and involved account holders, technical handlers, field operatives and coordinators. Raids were conducted at multiple locations, leading to the arrest of 17 accused allegedly linked to the network.

Authorities also seized mobile phones, SIM cards, bank documents, electronic devices and transaction records during the operation. Officials believe more people may be connected to the racket.

Investigation Continues

Police are now examining the financial trail and digital evidence to identify additional victims and uncover the full extent of the fraud network. They are also investigating whether the gang has links to similar financial fraud cases reported in other states.

Officials have urged companies and employees to verify financial instructions received through calls or messages, especially when urgent fund transfers are requested.

The investigation remains ongoing, and police said further arrests may follow as more details emerge in the case.