The accused had allegedly created 2,805 malicious APK files. These files were used by different cybercriminal networks to commit fraud
Indore techie gets bail in ₹150 crore cyber fraud case: Indore software developer granted bail in a cyber-fraud case. He was accused of creating and supplying malicious APK files.
Mumbai’s Esplanade Magistrate Court has granted bail to Pankaj Awadhesh Lal Gupta, a 36-year-old software developer from Indore, in a ₹150 crore cyber fraud case. The court observed that there was no direct evidence linking him to sending the malicious file to the victim or directly participating in the fraud. He was granted bail on a Rs 50,000 personal bond, subject to conditions.
Pankaj Gupta was arrested in this matter by the Property Cell of the DCB CID unit of the Mumbai Police. During the police investigation of this case, it was revealed that the accused had allegedly created 2,805 malicious Android Package Kits(APK) files. These files were used by different cybercriminal networks to commit fraud against various people across the country.
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Gupta allegedly charged anywhere from ₹20,000 to ₹25,000 for each APK file. The scam amounted to around ₹150 crore. More than 9,600 people were affected and had to face financial losses.
