# Varanasi Police Busts Massive Cyber Fraud Racket Worth Over 116 Crore, Four Arrested

> Varanasi police and the cyber cell have uncovered a massive 116.86 crore cyber fraud syndicate in Uttar Pradesh, arresting four individuals including the gang's kingpin. The syndicate operated by opening fake firms and bank accounts using commission lures for fraudulent transactions.

**Type:** article · **Category:** Crime · **Published:** 2026-08-23 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/crime/varanasi-men-116-karora-se-jyada-ki-saibara-thagi-ka-bhndaphora-mastaramainda-sameta-chara-giraphtara-20798 · **Language:** English
**Tags:** Varanasi cyber fraud, Uttar Pradesh police, cyber crime cell, fake bank accounts, investment fraud, Nitish Kumar Pandey

In a major breakthrough against cyber crime, a joint team comprising the Varanasi Cyber Crime and Chetganj police station has busted a massive cyber fraud racket amounting to 116.86 crores in Uttar Pradesh. Authorities have successfully apprehended four suspects, including the mastermind behind the syndicate. The kingpin has been identified as Nitish Kumar Pandey, a resident of Sasaram in Rohtas, Bihar. According to police investigations, the gang lured vulnerable individuals with promises of commissions to open bogus business firms and bank accounts in their names. These accounts were subsequently utilized for laundering money acquired through cyber scams, fraudulent investment schemes, and betting applications. A thorough scrutiny of 41 bank accounts linked to the accused revealed 143 complaints registered on the National Cyber Crime Reporting Portal, confirming a staggering financial fraud totalling 116.86 crores.

 

## Modus Operandi of the Cyber Syndicate
 During technical analysis and interrogation, investigators uncovered the sophisticated methods employed by the syndicate. The culprits activated SMS forwarding on mobile devices using the XePay APK application, allowing them to intercept crucial one-time passwords and seamlessly route illicit funds across multiple accounts to obscure the money trail. The operation was spearheaded by Nitish Kumar Pandey from Sasaram, while another accused identified as Dushyant Singh has a documented criminal history. Law enforcement agencies are actively expanding their probe to identify and apprehend other account holders and associates tied to this sprawling network.

 

## Seizure of Electronic Devices and Assets
 During the coordinated raid, police recovered a significant cache of incriminating evidence from the possession of the accused. The seized items include 7 mobile phones, 1 laptop, 19 chequebooks, 40 debit cards, 48 QR code scanners, and two vehicles used in their operations. Elaborating on the operation, ACP Crime Vinay Kumar Dwivedi stated that the joint effort by the district cyber crime team and Chetganj police on August 23 was part of an ongoing intensive drive against cyber criminals. He noted that the syndicate systematically deceived citizens by offering commission to register fake corporate entities, subsequently seizing all banking credentials to channel funds generated through gaming applications and investment scams.

 

## Ongoing Manhunt and Next Steps
 Police officials emphasized that the total volume of fraudulent transactions executed across various layers by this network exceeds 116 crores 86 lakhs. While four primary offenders have been taken into custody, two additional suspects remain at large, and dedicated teams are pursuing leads to track them down. Law enforcement is also verifying all associated accounts and individuals who facilitated the creation of these fraudulent channels. This decisive action marks a significant blow to organized cyber financial crimes operating within the region.

## What this means for you
**Across India:** Amid rising nationwide online financial scams, this crackdown serves as a stern warning against letting strangers or third parties open bank accounts or firms using your documents.

**In Varanasi:** Locally, this major police action targets local vulnerabilities and deters individuals from handing over personal bank details to cyber syndicates in exchange for commissions.

## Questions & Answers

### 1. What is the total amount of cyber fraud uncovered in Varanasi?
Varanasi police uncovered a cyber fraud syndicate involving a total of 116.86 crores.

### 2. Who is the kingpin of this cyber gang?
The kingpin of the gang has been identified as Nitish Kumar Pandey, a resident of Sasaram, Bihar.

### 3. How many suspects have been arrested by the police so far?
Police have arrested four suspects in total, including the mastermind, while two other accused remain at large.

### 4. What method did the accused use to transfer stolen funds?
The accused activated SMS forwarding on mobile devices using the XePay APK to intercept OTPs and route fraudulent money across accounts.

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