Ahmedabad Cyber Cell Busts ₹47 Lakh Insurance Scam Syndicate
Ghaziabad-based fraudsters posed as Finance Ministry, NPCI officials in sophisticated interstate con operation
- Ahmedabad City Cyber Crime Branch cracks interstate fraud racket
- Two accused arrested from Ghaziabad
- Victim duped of ₹47 lakh through fake insurance payout scam
- Fraudsters impersonated Finance Ministry and NPCI officials
GG News Bureau
Ahmedabad, 29th April: The Ahmedabad City Cyber Crime Branch has dismantled a sophisticated interstate cyber fraud syndicate that allegedly duped a citizen of nearly ₹47 lakh through a fake insurance release scheme.
Two key suspects — Sumitkumar Koli and Ashu Agrawal — were arrested from Ghaziabad, Uttar Pradesh, following a coordinated investigation involving technical surveillance and intelligence operations.
According to investigators, the accused posed as senior officials from the Ministry of Finance and the National Payments Corporation of India (NPCI), falsely claiming that ₹10 lakh from an old LIC policy was pending for release.
To gain the victim’s trust, the fraudsters used forged government IDs, official-looking documents and WhatsApp communications featuring fake logos and bureaucratic terminology.
They initially extracted money under the pretext of processing fees, GST and stamp duties before escalating the scam by coercing the victim into opening new bank accounts and purchasing a SIM card later couriered to Delhi.
This allowed the syndicate to intercept OTPs, control financial transactions and siphon off funds, while falsely promising returns exceeding ₹1.48 crore.
Police said Koli’s telecalling background and Agrawal’s SIM distribution network were critical to the operation’s success.
Authorities have now issued a public advisory warning citizens against fraudulent calls promising insurance payouts or demanding personal transfers, emphasizing that legitimate government agencies never operate through such methods.
