Indian Police Service officer Rahul Bansal has rejected as “baseless” an allegation that he accepted ₹1 crore to settle a cyber-fraud case in Chhattisgarh's Surguja district. Bansal, a 2022-batch IPS officer posted in the district, said the complaint is currently before a court and that he has complete faith in the judicial process and the law. The allegation involves Bansal and two other police personnel in connection with the investigation into a cyber-fraud case. Responding to the charge, Bansal said, “The complaint is currently under consideration by the court, and I have complete faith in the court and law.” He did not accept the bribery allegation and maintained that the matter should be decided through the legal process.

Bansal also outlined the investigation that led to the registration of the underlying cyber-fraud case. According to him, a case was registered at the Surguja Cyber Police Station in July 2025 following an alleged share-trading fraud involving around ₹21 lakh. During the investigation, police reportedly found evidence pointing to an organised gang that initially operated from Dubai before shifting its activities to India. The officer said the gang allegedly targeted victims through advertisements on social media, encouraging them to invest money through fraudulent trading platforms. Investigators subsequently followed the flow of funds and identified a fintech company that allegedly converted proceeds from the fraud into cash before routing the money through hawala channels, according to Bansal.

Bansal further claimed that the investigation uncovered cryptocurrency transactions on a much larger scale. According to him, transactions worth around ₹1,880 crore were detected across cryptocurrency wallets over a period of approximately four months. Investigators allegedly linked these transactions to operators associated with the suspected cyber-fraud network. The investigation has resulted in the arrest of 23 accused persons from eight states, Bansal said. Police have also filed five charge sheets before the concerned court, with the documents running into thousands of pages. The case reportedly includes substantial digital evidence gathered during the investigation into the alleged fraud network and its financial transactions.

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The scale of the alleged cryptocurrency transactions has added another dimension to the cyber-fraud investigation, which began with a complaint involving a comparatively smaller amount. Authorities have been examining how money allegedly obtained through fraudulent investment schemes was moved through financial intermediaries, converted into cash and transferred through informal channels. Bansal's denial comes as the allegation against him is being considered by the court. Since the complaint remains under judicial consideration, the bribery charge has not been established. The officer's response focuses on the ongoing legal proceedings and his contention that the allegation is baseless.

The case highlights the increasingly complex financial trails involved in organised cyber fraud, where investigators may have to track transactions across conventional banking systems, fintech platforms, cryptocurrency wallets and informal money-transfer networks. The investigation described by Bansal suggests that authorities are examining not only individual instances of alleged fraud but also the broader financial infrastructure allegedly used by the suspected gang. With 23 arrests, five charge sheets and extensive digital evidence already placed before the court, the cyber-fraud investigation is continuing through the judicial process. The separate allegation concerning Bansal's alleged involvement will also be subject to the court's consideration, while the IPS officer has maintained that he has full faith in the law and judicial system.

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