As per reports in Nai Duniya in an extensive crackdown on a financial fraud case involving the Suryoday Small Bank Finance Bank, the police arrested the main accused, Durgesh Yadav, on Wednesday morning. Durgesh, a resident of Shahnagar in Panna district, was apprehended near the Katni station while attempting to flee, possibly by train. After conducting preliminary questioning, the police presented him in court and obtained a two-day remand.

The fraud revolved around unemployed youth’s accounts being opened in the Suryoday Small Bank Finance Bank, and transactions involving millions of rupees. Durgesh, enticed by the prospect of money and commissions, was actively involved in the operation. The police have identified 17 accounts with transactions amounting to four crores so far, and they are currently collecting information from an additional 14 accounts.

Durgesh himself was engaged in playing online gambling and, during this period, became involved in the network of gamblers. He would receive a specified amount to facilitate the opening of accounts and earned commissions from the transactions. Durgesh revealed that he also worked for the Mahadev betting app, which has been a subject of discussion concerning online gambling.

The online gambling business was conducted extensively through Telegram. Durgesh, functioning as a pawn for the lure of money and commissions, was part of this illicit operation. The police are now gathering information about other individuals associated with this business, and they have identified transactions amounting to four crores from 17 accounts so far, with information from 14 additional accounts being collected. This arrest sheds light on the intricate network involved in online betting operations, emphasizing the use of various platforms like Telegram for conducting such illicit businesses. The investigation is ongoing, with authorities working to unearth the full extent of the fraud and bring all involved individuals to justice.