Goemkarponn desk
PANAJI: A troubling trend has come to light as Goa police discovered that unemployed youth are falling prey to cyber fraudsters by renting out their bank accounts. This alarming practice has led to a surge in cybercrimes targeting unsuspecting citizens.
It was revealed that many young individuals are lured into renting their bank accounts in exchange for quick money, which the fraudsters exploit to carry out their illicit activities.
In a recent incident, a 21-year-old youth was found to be supplementing his income by renting out his bank account.
According to Police Inspector (PI) Deepak Pednekar, who is spearheading the investigation, the fraudsters typically compensate account holders with Rs 1,000 for every Rs 1 lakh transaction. These fraudsters gain access to all necessary credentials, including signed cheques, in order to take control of the accounts. Pednekar explained that the modus operandi involves fraudsters approaching potential victims through mutual acquaintances.
“Fraudsters pay Rs 1,000 for every transaction worth Rs 1 lakh to the person who rents his account to them,” he stated.
The rented accounts are utilized to receive and withdraw funds, with the account holders retaining a commission and passing the remaining amount to the fraudsters. This illicit scheme came to light during an investigation into an online trading scam, where a resident of Siolim suffered a loss of approximately Rs 45 lakh.
It was uncovered that numerous youths, particularly those aged between 20 to 25, are involved in renting their bank accounts without fully comprehending the origin or destination of the deposited money.
Keep Reading
Add A Comment