Gujarat CID Unveils ₹200 Cr Crypto Caper: A Tale of Mule Accounts and Pakistani Wallets! 🕵️‍♂️💰

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Well, I say, old bean, what a rum go we have here! The chaps at Gujarat’s CID Crime have been rather busy, what? Unearthing a positively sprawling cybercrime network that’s been laundering crores of rupees to Pakistan-based cryptocurrency wallets. It’s all been done through a maze of “mule” bank accounts and digital assets, don’t you know. Quite the modern-day heist, if you ask me! 🕵️‍♂️✨

The latest fellow to find himself in a spot of bother is one Chetan Gangani, a chap from Surat. Apparently, he’s been up to no good, helping transfer a cool ₹10 crore through his BitGet crypto account to a wallet linked to Pakistan. His arrest has rather let the cat out of the bag, revealing how these fraudsters are using cryptocurrency to hide their tracks and send funds abroad. Clever, but not clever enough, eh? 🤭💸

Surat Chap’s Arrest Unravels a Right Old Money Trail to Pakistan

According to the old boys in blue, Gangani’s arrest is part of a larger investigation into a cybercrime syndicate operating across Gujarat, including places like Morbi, Surendranagar, Surat, and Amreli. It seems Gangani had direct links with six other chaps arrested on November 3, who allegedly helped route ₹200 crore to Dubai-based cybercriminals using nearly 100 mule bank accounts. What a carry-on! 🤪🤑

Now, a mule account, as the officials explain, is a bank account used-often by unsuspecting sorts-to receive, transfer, or launder illegal funds. But our man Gangani, he’s believed to have knowingly assisted the gang by converting ₹10 crore into cryptocurrency (USDT) and transferring it to a Pakistan-based crypto wallet through his BitGet account over four months. All for a measly 0.10% commission on every transaction. Tsk, tsk! 🧐📉

“The Pakistan-based wallet had about ₹29 crore in total, of which ₹10 crore originated from Gujarat,” the police sources confirmed. Quite the little nest egg, what?

386 Cases Linked to This Jolly Network

The six chaps previously arrested are accused of providing 100 mule accounts that were used in 386 separate cybercrime cases across India. These include digital arrest scams, task frauds, investment frauds, online loan scams, and part-time job scams. A regular rogues’ gallery, if ever I saw one! 🎭🤥

Gujarat Cyber Center of Excellence Cracks Down on Major Cross-Border Cybercrime Network

In a major breakthrough, the Gujarat Cyber Crime Center of Excellence has dismantled a large-scale “Mule Account” network operating across multiple districts Morbi, Surendranagar, Surat, and…

– Harsh Sanghavi (@sanghaviharsh) November 8, 2025

Old Harsh Sanghavi, the Deputy Chief Minister of Gujarat, who also handles the Home portfolio, took to X on Saturday to announce the crackdown. “In a major breakthrough,” he trilled, “the Gujarat Cyber Crime Center of Excellence has dismantled a large-scale ‘Mule Account’ network operating across multiple districts, with direct financial links traced to Pakistan.” Quite the mouthful, but jolly good work nonetheless! 👏🎉

He added that the cybercrime team “meticulously tracked the money trail through seven layers, from initial Indian accounts to cryptocurrency (USDT) transactions.” Sounds like a right old brain-teaser, what?

Rising Crypto Scams Across Gujarat: A Pattern Emerges, By Jove!

The CID’s recent findings have brought to light how cryptocurrency is increasingly being used not just for money laundering but also in a growing number of scams targeting the good people of Gujarat. It’s enough to make one long for the simpler days of cheques and postal orders! 📉💔

Take the case of poor old Bunty Kanaiyalal Sangtani, a chap who owns a readymade garment shop in Nana Chiloda. He was promised high monthly returns by a company called Doxy, which claimed to trade in USDT. Believing the offer to be genuine, he invested a large sum, only to later realize it was a scam. The scoundrels-Jay Balram Kakwani, Namdev Rajkumar Mirani, Nikhil Tejram Tawale, and Sanjay Hariram Hemrajani-had planned the whole thing rather carefully. Rotten luck for Bunty! 😔🤑

And then there’s Kishor Nargundkar, a 51-year-old chap from Gandhidham, who lost ₹56.47 lakh in another crypto scam operating through the Telegram app. A woman called Deepa added him to a group named Conforge Finance, promising huge profits through trading. Over a few months, he made 38 transactions, sending a total of ₹56.47 lakh to the fraudsters. They even imposed bogus charges and displayed fake profits in his account. When he refused to pay an additional ₹13 lakh “release fee,” he realized the scam. What a bounder! 🤬📱

Authorities Warn of Growing Cross-Border Crypto Crimes

The series of cases underline a troubling trend of cross-border cryptocurrency crimes involving India-based victims and global cyber syndicates operating via encrypted apps and digital currencies like USDT. It’s all rather modern and sinister, if you ask me. 🌐🕷️

Officials say the Gujarat CID’s recent crackdown is only “the tip of the iceberg” as investigations continue into hundreds of linked bank accounts and crypto wallets connected to scams targeting Indians nationwide. They’ve urged citizens to stay vigilant, avoid unsolicited investment offers on social media or Telegram, and immediately report suspicious activity to the National Cyber Crime Reporting Portal (cybercrime.gov.in). Wise words, those! 🛡️🚨

In short, from big money-laundering cases linked to Pakistan to smaller scams that have cheated ordinary folks in Gujarat, crypto has become the new tool for fraudsters. Digital currency is now being used to move and hide money in ways that make it harder for the police to track. Investigators are working round the clock to follow the money trail and stay ahead of these fast-evolving crimes. Quite the game of cat and mouse, eh? 🐱🐁

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2025-11-09 19:03