Rs 70K Commission On 1.5 Cr Cyber Fraud: Man Rents His Account To Scammers

Last Updated:September 01, 2025, 16:14 IST

A Surat man renteng his bank account for Rs 75,000 and became the channel for a Rs 1.5 crore cyber fraud spanning multiple states.

(Representative image: AI-generated)

Cybercrime police have busted a massive fraud racket where scammers lured people into investing in the stock market and siphoned off lakhs. One accused, Chirag Prajapati, has been arrested.

According to police, Chirag had rented out his bank account to cyber fraudsters in exchange for a commission. Investigations revealed that crores were funnelled through his account as part of the scam.

The case came to light after a Surat resident filed a complaint. The victim was promised huge returns if he invested in the stock market. Falling for the trap, he transferred a total of Rs 6,75,600 into multiple accounts. However, neither profit nor the principal amount was returned. Realising he had been cheated, he complained to the Surat Cybercrime Police on July 27, 2025.

Account Rented For Rs 70,000 Commission

The probe led police to Chirag Prajapati, a resident of Chamunda Nagar in Harij, Patan. He works as a daily wage labourer and had previously served in the GRD (Gram Rakshak Dal). During interrogation, Chirag admitted that he allowed cyber gangs to use his bank account for a commission of Rs 70,000.

The gang collected money illegally from victims across the country, deposited it into Chirag’s account, and had him withdraw the cash via ATMs to hand over. Shockingly, police found that transactions worth Rs 1.53 crore had passed through his account.

Scam Spread Across Multiple States

The account was not just used in Surat, but also for fraud in other states. As per the National Cyber Crime Reporting Portal (NCCRP), Chirag’s account has seven complaints registered against it — two from Haryana and one each from Punjab, Gujarat, Uttar Pradesh, Karnataka, and Maharashtra.

Police have warned citizens never to rent or share their bank accounts with unknown persons, even for commissions, as it amounts to direct involvement in crime and could lead to jail time. Investigations are underway to track down the masterminds behind the racket and nab other culprits.

The case serves as a stark reminder of the risks in online investment schemes and highlights the need for extreme caution in digital financial transactions.

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September 01, 2025, 16:14 IST

News india Rs 70K Commission On 1.5 Cr Cyber Fraud: Man Rents His Account To Scammers