Pune police have arrested a 34-year-old engineer with a PhD from the UK and experience training UPSC aspirants for masterminding a cyber fraud that cheated a private university of .
The accused, , a resident of Yapral in Hyderabad, allegedly posed as a senior IIT Bombay professor to trick the university administration into transferring large sums under the pretext of fees for government-funded research projects with DRDO.
How the Fraud Worked
On receiving a message from someone impersonating a former SPPU Chancellor, the university was introduced to a fake IIT Bombay professor.
Fraudulent emails claimed approvals for drone and AI research projects worth over Rs 100 crore .
The university, believing the claims, transferred three instalments — Rs 56 lakh, Rs 46 lakh, and Rs 1.44 cr