Lucknow, June 30 -- The Lucknow Police busted an inter-state cyber fraud syndicate that used shell companies, corporate bank accounts and encrypted digital communication to launder proceeds of online scams. Four men were arrested from a flat in Sushant Golf City and dozens of cheque books, ATM cards and electronic devices were recovered. "The arrested accused have been identified as Satyendra Savita of Unnao and Nippu Kumar, Manish Kumar and Sunny Kumar, all residents of East Champaran district in Bihar," said police. They also said that the accounts linked to the accused have surfaced in 718 complaints registered on the National Cyber Crime Reporting Portal across different states. The arrests were made on Sunday after the Sushant Golf City police and the cyber cell raided a flat in the Lighthouse Awas Vikas Yojana following a tip-off. According to additional DCP (South zone) Vasanth Rallapalli, the accused were found allegedly transferring money obtained through online fraud using laptops and mobile phones. During the search, police recovered 79 cheque books, 77 ATM cards, 29 SIM cards, 15 smartphones, 14 keypad phones, six point-of-sale (POS) machines, three laptops, company documents, identity cards and official stamps. The ADCP said the accused allegedly lured unsuspecting people into opening current accounts and registering firms in their names. These accounts were then allegedly used by cyber criminals to route proceeds of online fraud before the money was withdrawn or transferred further. htc...