M.Sc. IT Graduate Arrested in Massive ₹800 Crore Cyber Fraud

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M.Sc. IT Graduate Arrested in Rs 800 Crore Cyber Fraud Racket

M.Sc. IT Graduate Arrested in Rs 800 Crore Cyber Fraud Racket

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News18•21-02-2026, 14:47

M.Sc. IT Graduate Arrested in Rs 800 Crore Cyber Fraud Racket

•Karan alias Dwarkesh Pirabhai Desai, an M.Sc. IT graduate, arrested in connection with a massive Rs 800 crore cyber fraud racket in Surat.
•The accused was involved in an organized racket using mule accounts to channel foreign gaming-betting funds into India.
•Investigation revealed transactions worth Rs 8,00,66,51,326 across 149 bank accounts, with 402 complaints on the NCCRP portal.
•Funds from Bangkok and Vietnam related to gaming and betting were transferred via leopay.live, with Karan operating a franchise.
•Police obtained 5-day remand for Karan Desai to investigate co-accused, financial manipulation, and international connections.

Read Full Article on News18 in Hindi

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