As per the investigations, the ongoing fraud came to light after a complaint that some individuals had allegedly hacked into the six-year-old firm's payment gateway, and the funds were then transferred to at least 260 different bank accounts.

Payment Gateway Provider Safexpay Technology Allegedly Hacked in a Nearly $2 Billion Scam

The Thane Police in India are investigating a massive scam involving the alleged hacking of the payment gateway of Safexpay Technology Pvt Ltd (STPL). The fraud, which has been ongoing for some time, involves the siphoning off of ₹161.80 billion (approximately $1.9 billion), with some of the money being transferred abroad. The investigation revealed that at least 260 bank accounts were used for the financial fraud, with an estimated misappropriation of ₹161.80 billion. The police have filed an FIR and are probing the matter, but no arrests have been made yet. Though the scam was reportedly going on for some time, it came to light after a complaint was lodged in April when an amount of over ₹250 million (~$3 million) was siphoned off illegally. The Naupada Police last Friday lodged an FIR against some of the known accused Jitendra Pandey, Sanjay Singh, Amol Andhale (alias Aman), and Sameer Dighe (alias Kedar) under various sections of the Indian Penal Code and Information Technology Act.

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