Ahmedabad, May 5 -- Gujarat police on Tuesday said it uncovered an interstate cyber fraud racket of Rs.53.55 crore spanning across over 20 states and arrested 10 persons from Anand and Ahmedabad in connection with the murder of former Maharashtra minister Baba Siddique in Mumbai on October 12, 2024.

The investigation led by the Cyber Crime Unit, traced 132 complaints and found that the network operated by sourcing and circulating bank accounts on commission, which were then used to route proceeds of online frauds including phishing, investment and digital payment fraud.

The racket relied on "mule" accounts from individuals who were paid to rent out their bank credentials. These accounts were used to receive funds from victims and then t...