The Ghaziabad police arrested three men for allegedly posing as employees of the Employees Provident Fund Organisation (EPFO) and duping thousands of retired government employees of crores of rupees.
The accused have been identified as Ghanshyam Singh (30), Dharmendra Singh (30) and Rahil Singh (25). Ghanshyam, a Noida resident, is also booked in a case in Telangana’s Hyderabad.
According to the police, Ghanshyam is the mastermind behind the whole channel of fraud while Dharmendra facilitated phone calls.
The police had received information that the accused had been targeting a specific group of people to commit fraud.
The accused had been offering investment options to retired people, who would deposit money in their bank accounts with the promise of returns later on. This is touted to be an inter-state scam since they had data of persons all over the country.
The number of people duped by the accused is estimated to be over 10,000.
The officials added that transactions from bank accounts of the accused are being examined to know who all have been cheated.
The police are trying to ascertain how the accused got access to details of government workers.