<p>Jaipur: Bharatpur Police on Friday said it has arrested three persons associated with a fintech company for allegedly committing cyber fraud to the tune of Rs 400 crore.</p>.<p>Bharatpur Range Inspector General of Police Rahul Prakash said the arrested accused were identified as Ravindra Singh (54), Dinesh Singh (49) and his wife Kumkum.</p>.<p>The matter came to light when a complaint was lodged against Fino Payments Bank by Hari Singh at Dholpur Cyber Police Station.</p>.<p>According to Director General of Police (Cyber Crime) Hemant Priyadarshi, investigations revealed that Rs 35 lakh received from the complainant has been transferred to the accounts of four companies -- Rukanek Enterprises Private Limited, Selva Krishna IT Solution Private Limited, SKRC Infotech Private Limited and Nityashree Main Power and Contract Works.</p>.<p>The cyber crime DGP said that during the investigation, a shocking fact came to light -- there were about 3,000 complaints registered against the bank. This has now crossed 4,000, he said.</p>.<p>The DGP said the gang has been siphoning off funds by forwarding fake links to people after luring them into making stock market investments.</p>.Courts to avoid interfering with invocation of bank guarantee except in cases of fraud or irretrievable injustice: Supreme Court.<p>In the last four months, fraudulent transactions to the tune of more than Rs 400 crore have taken place in the accounts of these companies, he said.</p>.<p>He said further investigation is on in the case and there are possibilities that the actual amount siphoned off by the gang may cross Rs 1,000 crore.</p>.<p>The kingpin of the gang was Ravindra Singh, who has done an MBA (Master of Business Administration), while his nephew Shashi Kant Singh technically assisted him, the DGP added. </p>
<p>Jaipur: Bharatpur Police on Friday said it has arrested three persons associated with a fintech company for allegedly committing cyber fraud to the tune of Rs 400 crore.</p>.<p>Bharatpur Range Inspector General of Police Rahul Prakash said the arrested accused were identified as Ravindra Singh (54), Dinesh Singh (49) and his wife Kumkum.</p>.<p>The matter came to light when a complaint was lodged against Fino Payments Bank by Hari Singh at Dholpur Cyber Police Station.</p>.<p>According to Director General of Police (Cyber Crime) Hemant Priyadarshi, investigations revealed that Rs 35 lakh received from the complainant has been transferred to the accounts of four companies -- Rukanek Enterprises Private Limited, Selva Krishna IT Solution Private Limited, SKRC Infotech Private Limited and Nityashree Main Power and Contract Works.</p>.<p>The cyber crime DGP said that during the investigation, a shocking fact came to light -- there were about 3,000 complaints registered against the bank. This has now crossed 4,000, he said.</p>.<p>The DGP said the gang has been siphoning off funds by forwarding fake links to people after luring them into making stock market investments.</p>.Courts to avoid interfering with invocation of bank guarantee except in cases of fraud or irretrievable injustice: Supreme Court.<p>In the last four months, fraudulent transactions to the tune of more than Rs 400 crore have taken place in the accounts of these companies, he said.</p>.<p>He said further investigation is on in the case and there are possibilities that the actual amount siphoned off by the gang may cross Rs 1,000 crore.</p>.<p>The kingpin of the gang was Ravindra Singh, who has done an MBA (Master of Business Administration), while his nephew Shashi Kant Singh technically assisted him, the DGP added. </p>