Rajasthan Gang Dupes Hyderabad Electronics Chain of ₹4 Crore Using UPI Scam; 13 Arrested
- Nandini Riya
- Sep 11, 2024
- 2 min read
Updated: Mar 6, 2025
A group of 13 individuals has been arrested for allegedly defrauding Bajaj Electronics, a prominent electronics retail chain, of ₹4 crore using the Unified Payments Interface (UPI) payment system. The arrests were made following a series of complaints lodged by the company across multiple police stations in Cyberabad, Hyderabad, and Rachakonda, leading to a coordinated investigation.
The police have recovered ₹1.72 lakh in cash and electronic goods worth over ₹50 lakh, believed to have been acquired through fraudulent transactions. Bajaj Electronics, which operates numerous showrooms in Hyderabad, flagged the incidents after noticing repeated cases of chargeback claims filed against UPI transactions made at their outlets.
The investigation revealed that the group followed a specific process. Gang members visited Bajaj Electronics showrooms, selected high-value electronic goods, and used UPI to make payments. However, the payment was made by an accomplice in Rajasthan who, after completing the transaction, filed a chargeback complaint with their bank. These complaints led to the reversal of the payment, allowing the gang to retain both the goods and the refunded money.
The individuals involved were aged between 20 and 25 years, with some based in Hyderabad and others in Rajasthan. The group allegedly carried out the same operation across several stores in the region.
This case has raised awareness of potential risks associated with UPI payment systems, particularly chargeback frauds, which can result in significant losses for businesses. As UPI continues to be widely used in retail transactions across India, experts suggest that companies should explore enhanced verification methods and safeguards to protect against such incidents.
Bajaj Electronics has expressed its commitment to cooperating with law enforcement to resolve the matter and recover the lost funds. The company has also called on other businesses to review their payment processes to mitigate the risk of similar scams in the future.
Authorities continue their investigation into the incident, working to identify any further accomplices and ensure that measures are in place to prevent further occurrences.
