In a significant breakthrough, the Karnataka Criminal Investigation Department’s (CID) cybercrime unit has arrested a Dubai-based businessman, Yusuf Seth, in connection with a Rs 2.2 crore ‘FedEx fraud’ that targeted a 75-year-old coffee planter from Kodagu. The elderly victim was duped into transferring large sums of money under the pretense that he was implicated in a narcotics case. The scammers, posing as FedEx employees and police officers, convinced the victim that his name was linked to a parcel containing illegal drugs, coercing him into transferring funds to “prove his innocence.”
The CID, which took over the investigation, tracked the fraudulent transactions to 26 mule accounts used by the scam ring. Yusuf Seth, who had returned to Bengaluru from Dubai to purchase a luxury car and apartment with the defrauded money, was arrested along with five others involved in handling the mule accounts. Authorities have recovered Rs 1.7 crore in cash and other assets, and they are pursuing additional suspects linked to the operation.
The investigation revealed the scam’s extensive reach, with connections to 15 similar cases across India. The CID’s efforts have provided a crucial breakthrough in combating these widespread FedEx fraud schemes that prey on unsuspecting victims.
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