SIM Card Racket: Businessman Arrested in HYD

Mumbai businessman Hajarey Fakhir Mohammad Rehan has been arrested at Hyderabad airport after a Look-Out Circular was issued against him. He was accused of leading a nation-wide SIM card swipe racket involving the illegal transfer of approximately Rs 1 crore from the account of Hotel Hindusthan International. Rehan was allegedly managing the primary account, which initially had around Rs 80 lakh deposited.

The case came to light when a complaint was lodged at the Shakespeare Sarani Police Station in March, leading to the detective department taking over the investigation. Anil Gupta and Dinesh Kumar, who were also involved in the scam, were previously apprehended in Delhi.

The fraudulent scheme included forging signatures and the hotel’s letterhead to acquire a SIM card, blocking the original SIM, and then withdrawing the money. Gupta’s account received approximately Rs 69 lakh, while Kumar claimed to have handed the card and SIM to an unidentified person believed to be Rehan.

The investigation is still ongoing as authorities work to gather more evidence and determine the full scope of the fraudulent activities perpetrated by the accused individuals.