Thane: Fourth arrest made in Rs 16,180 crore payment gateway fraud case

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The police in Thane have arrested the fourth suspected accused in connection with the financial crime that involved breaching the system of a payment gateway service provider.

According to the official, the fraud involved the financial crime of more than Rs 16,180 crore.

With the latest arrest, the police have held four persons so far in connection with the case. The police have registered a case at Naupada police station.

"The police apprehended the fourth accused Dinesh Dhondu Shirke (49), a partner in an enterprises firm, from the western suburb of Andheri in neighbouring Mumbai," the police official said.

The fourth accused, Shirke's involvement in the crime was prima facie revealed during the probe conducted by the cyber cell.

The police had on Thursday arrested one Amol Andale alias Aman, Anup Dubey (26) of Bhayandar, and Mumbai resident Sanjay Namdeo Gaikwad (42), a partner in a firm.

During the probe, the cyber cell team came across suspicious transactions of more than Rs 16,180 crore. Naupada police on October 6, registered a case against five persons under sections 420 (cheating), 409 (criminal breach of trust), 467, 468 (forgery), 120B (criminal conspiracy) and 34 (common intention) and provisions of the Information Technology Act.

The police had earlier said that the accused allegedly set up several partnership firms on bogus documents to launder the amount.

(with inputs from PTI)