Guwahati: In a significant breakthrough, Basistha Police have dismantled a major ATM fraud racket in Guwahati, arresting five individuals involved in sophisticated financial scams.
The arrested individuals, identified as Asif Iqbal Hussain, Sahil Ahmed, Ariful Islam, Dewan Azlan Haris, and Abdul Azad, were found in possession of 17 ATM cards from various banks, two motorcycles, and two iPhones allegedly used in fraudulent transactions.
Preliminary investigations indicate that the group employed deceptive tactics to manipulate unsuspecting victims and illegally withdraw money using stolen or cloned ATM cards.
Authorities suspect the accused are part of a larger financial fraud network, with further investigations underway to uncover additional connections.
This incident follows a similar cybercrime bust last year by the Gorchuk Police in Guwahati.
Led by Inspector Mayurjit Gogoi, the team uncovered a group of fraudsters in Boragaon who exploited “Mule Bank Accounts” to siphon stolen funds.
These accounts were opened by persuading vulnerable individuals with promises of hefty profits. The fraudsters collected banking documents from the account holders and handed them over to another cybercrime group, earning around Rs 1,00,000 per account while paying account holders 20% of the transaction amount.
Both cases highlight the growing threat of financial cybercrimes, prompting authorities to intensify vigilance and crackdowns on such operations.