Pvt bank manager, 3 others held over `12.51 cr cyber fraud

NT Correspondent

Bengaluru: Four people, including the manager of a private bank, were arrested for allegedly siphoning off Rs 12.51 crore by stealing sensitive data from a company, police said on Saturday. The matter came to light after the director of Dream Plug Pay Tech Solutions Private Limited approached the police in November, alleging the siphoning of Rs 12.51 crore from the company's accounts. As per police, the director alleged that the company's nodal and current bank accounts were with the Indiranagar branch of Axis Bank in Bengaluru and that some unknown persons had gained access to the email addresses and contact numbers associated with these accounts.

A probe revealed the accused stole the company's data, forged CIB forms, and duplicated signatures and seals to transfer Rs 12.51 crore to 17 different bank accounts in Gujarat and Rajasthan. Police Commissioner B Dayananda said by using the phone number and email ID linked to the private company's account, the accused faked corporate Internet banking.