Hyderabad: A 34-year-old man from West Bengal was arrested by the Cyberabad Cyber crimes police on Tuesday, for swapping the SIM card of a city resident and siphoning Rs 26.44 lakh from the three bank accounts of the victim.
Accused Bikas Shaw, 34, a resident of Kolkata has been helping the Nigerian nationals indulging in cyber frauds in India since 2011. He was earlier arrested by the police of Karnataka, Jharkhand, West Bengal, Rajasthan, and Telangana for involvement in SIM swapping fraud.
The police said that Bikas hired people to open fake bank accounts and collected the replaced SIM cards of the original users, to use them for the fraudulent withdrawal of money from the bank accounts of the public.
“Bikas takes his commission and transfers the remaining amounts to the Nigerian nationals either as Bitcoins or to other bank accounts. He was involved in the fraud that took place during January 2018, where a city-based man lost Rs 26,44,807 from three bank accounts after his SIM card became inactive,” said the police.
