Real Estate Pune

Pune Cyber Fraud Bust: Warning for Property Buyers

2026-10-05 · GeoSquare News Scraper

In a significant operation, Pune police have arrested five individuals for allegedly operating a network of mule bank accounts linked to cyber fraud. The accounts are connected to ₹1.80 crore siphoned from 19 victims, raising concerns for those making high-value transactions like property purchases.

How the Racket Operated

According to police, the accused opened multiple bank accounts and rented them out to cyber criminals for receiving and transferring fraudulent funds. The money trail reportedly involves real estate transactions, where victims were tricked into transferring payments to these accounts under false pretenses.

Safety Tips for Property Investors

Property buyers in Pune and across Maharashtra should exercise extreme caution when transferring registration fees, stamp duty, or advance payments. Always verify the bank account details with the official developer or broker through known contact numbers. Avoid sharing OTPs or banking credentials with anyone claiming to represent a real estate firm.

Police have urged citizens to report any suspicious financial requests immediately. The investigation is ongoing, and authorities are working to trace the full extent of the fraud network.