📷 Image: Wikimedia Commons / Studio Incendo
Crime
12th Arrest in Rs 6.80 crore Fake Director Scam, Accused Set Up Bank Accounts, SIMs
✍️ India Today
🗓 26 Sep 2026, 08:31 PM
👁 11
Police arrested the twelfth suspect in a Rs 6.80 crore fake director fraud, alleging the accused arranged bank accounts and mobile SIM cards to facilitate the scheme.
Police in India have taken into custody the twelfth suspect in a large‑scale fraud involving fake company directors and an estimated loss of about Rs 6.80 crore.
The investigating agency says the accused created fictitious director identities, opened bank accounts and procured mobile SIM cards to receive and move illicit funds.
The latest arrest follows earlier detentions linked to the same scheme, with authorities noting that the network used fabricated documents to deceive lenders and investors.
Officials have not disclosed the name of the arrested individual, but indicated that further interrogation may reveal additional conspirators.
The case is being handled by the crime branch of the local police, and a detailed probe is underway to trace the money trail and identify all parties involved.
The investigating agency says the accused created fictitious director identities, opened bank accounts and procured mobile SIM cards to receive and move illicit funds.
The latest arrest follows earlier detentions linked to the same scheme, with authorities noting that the network used fabricated documents to deceive lenders and investors.
Officials have not disclosed the name of the arrested individual, but indicated that further interrogation may reveal additional conspirators.
The case is being handled by the crime branch of the local police, and a detailed probe is underway to trace the money trail and identify all parties involved.