Kanpur Police Register Fresh Cyber Fraud Case Against Alleged ₹125 Crore Financial Network Mastermind
Kanpur Police have registered a fresh cyber fraud case involving ₹7.50 crore against Rajbir Singh Yadav alias Omkar, an accused already wanted in connection with an alleged illegal financial network that investigators claim handled transactions worth nearly ₹125 crore through fake and money mule bank accounts.
Authorities have intensified efforts to trace the accused, with multiple police teams carrying out raids across several states after technical surveillance reportedly indicated his movement through Maharashtra, Delhi, Chhattisgarh, Agra, and other locations. The reward for information leading to his arrest has also been increased from ₹25,000 to ₹50,000.
Experts note that such investigations highlight the growing importance of strong financial monitoring and **auditing services in india ** in identifying suspicious banking patterns and strengthening fraud prevention mechanisms.
Police Arrested Eight People, Including Four Bank Employees
The investigation has already led to the arrest of eight individuals, including four bank employees, in April 2026. According to investigators, the accused allegedly assisted Rajbir in creating and operating a network of fake bank accounts that were later used in cybercrime-related financial transactions.
Interrogation and digital evidence collected during the investigation reportedly helped police map the broader network and identify several locations where the accused is believed to have taken shelter.
Fake Job Promises Allegedly Used to Collect Identity Documents
Investigators allege that Rajbir, who previously worked in the banking sector, targeted unemployed youth and financially vulnerable individuals by promising government benefits, housing schemes, employment opportunities, business certificates, and other financial assistance.
Police claim that after obtaining Aadhaar cards, PAN cards, and other identity documents, bank accounts were opened in the victims' names without their knowledge. These accounts were allegedly converted into money mule accounts that received proceeds from cyber fraud before funds were routed through multiple accounts and suspected hawala channels across different parts of India.
Assets Worth Several Crores Under Investigation
As part of the ongoing investigation, authorities have frozen approximately ₹4.20 crore lying in five bank accounts allegedly linked to the accused.
Police have also identified multiple properties believed to be connected with the alleged financial network, including:
- Assets worth around ₹1.50 crore in Rohtas, Bihar.
- Property valued at nearly ₹2.50 crore in Kanpur's Fazalganj area.
- A separate agreement reportedly valued at approximately ₹1.20 crore.
Investigators are examining whether these properties were purchased using proceeds generated from the alleged illegal activities.
Links to Earlier Gaming App Fraud Investigation
According to police, Rajbir allegedly went underground after law enforcement agencies launched action against a suspected gaming app fraud network in February 2026.
During an earlier investigation involving an alleged ₹100 crore cyber fraud, investigators reportedly discovered Rajbir's suspected role in supplying fake and money mule bank accounts to cybercriminal groups operating across different states.
Police stated that Rajbir is originally from Kanpur's Barra locality and had previously worked with Fino Merchant Bank before allegedly becoming involved in the illegal financial network.
Fresh ₹7.50 Crore Complaint Registered
The latest criminal case was registered following a complaint by Abhishek Yadav.
According to the complaint, while preparing for competitive examinations, he allegedly came into contact with Rajbir, who promised to arrange employment opportunities.
The complainant alleged that Rajbir collected his Aadhaar card, PAN card, résumé, and other personal documents. Those documents were allegedly misused to open a bank account in his name without his knowledge.
Investigators claim that transactions worth nearly ₹7.50 crore were routed through that account.
After the complainant submitted one year's bank transaction records to the Police Commissioner, a fresh criminal case was registered. Police are now investigating whether similar methods were used to obtain documents from other individuals and create additional fraudulent bank accounts.
Cybercrime Expert Warns Citizens Against Sharing KYC Documents
Cybercrime expert and former IPS officer Prof. Triveni Singh warned that cybercriminals are increasingly exploiting job offers, government schemes, loans, investments, and document verification processes to obtain Aadhaar cards, PAN cards, and banking information.
He advised citizens to share personal identity and banking documents only with authorised institutions. He also recommended regularly reviewing bank accounts and credit records to detect unauthorised accounts or suspicious financial transactions at the earliest stage.