One update, and fraudsters siphoned off ₹40 crore from a UPI company's account! Police freeze 2,500 bank accounts.

MobiKwik Wallet UPI Fraud 2025: It's the era of digital payments, and almost everyone uses some form of UPI app or wallet. But have you ever imagined that your trusted wallet could suffer a technical glitch, leading to a fraud worth crores? This is exactly what happened with the popular digital payment company, MobiKwik, where a technical flaw was exploited by some individuals to defraud over ₹40 crore. Gurugram police have arrested six accused in this case and frozen over 2,500 bank accounts.

How a massive fraud of ₹40 crore occurred

According to the Gurugram police, an authorized representative of One MobiKwik Systems Limited filed a complaint alleging a major technical flaw in the company's app. Normally, when a user makes a UPI payment from their MobiKwik wallet or performs a transaction by scanning a QR code, the money is credited to the merchant's account only if the transaction is successful.

However, due to this flaw, failed transactions were being shown as successful. This means that payments were considered successful regardless of whether the customer's account had a balance or not, and even after entering the wrong password. Taking advantage of this flaw, some merchants and individuals transferred crores of rupees to their own and others' bank accounts.

How the police caught the case

On September 12th, the company became suspicious when some suspicious transactions were discovered. Following this, an FIR was registered at the Sector 53 police station in Gurugram on September 13th. During the investigation, police found that illegal transactions totaling ₹40,22,32,210 had been made.

On Monday, police arrested six accused. They were identified as Rehan (village Rewasan, Nuh), Waqar Yunus, Mohammad Aamir, Mohammad Ansar (village Kameda, Nuh), Waseem Akbar (village Marora, Nuh), and Mohammad Sakil (village Utawad, Palwal).

2,500 accounts frozen, advisory issued in Nuh

According to a police spokesperson, the investigation revealed that approximately 2,500 bank accounts had received illegal funds. These accounts have been immediately frozen. Furthermore, this money had also reached the accounts of several individuals in Nuh district. Following this, the Nuh police issued an advisory alerting the public.

The Cyber ​​Cell and MobiKwik also organized a special camp to identify the people whose accounts received the money and prevent further problems.

What the Court Said

All the arrested accused were produced in the City Court on Tuesday. The court remanded them to judicial custody. The police are currently investigating further and trying to determine how many more people took advantage of this technical flaw and participated in the fraud.

Is Your Account Also at Risk?

This case serves as a serious warning to anyone who uses digital wallets or UPI apps. If money suddenly appears in your account, immediately inform the bank or police. In such cases, remaining silent or using the money could lead to legal trouble.

FAQs

Q1. How much money was involved in this fraud?

A total of ₹40.22 crore worth of illegal transactions were made in this fraud.

Q2. How many people have been arrested?

Six people have been arrested so far.

Q3. How many bank accounts have been frozen?

Around 2,500 bank accounts have been frozen.

Q4. How did this error occur?

Due to a technical glitch in the MobiKwik app, even failed transactions appeared successful.

Q5. What should I do if such money suddenly appears in my account?

You should immediately inform the bank and the police, or you could face legal trouble.