Reported By Junaid Akhtar
In a major breakthrough, Noida Police exposed an interstate cyber fraud gang that defrauded Nainital Bank of Rs 16 crore. Sector-36 Cyber Thana Police arrested four people in connection with the case from Greater Noida’s Sigma-4 Sector. Among the arrested accused was a foreign national. According to News24 reporter Junaid Akhtar, Police seized Rs 50,000 cash, 8 checkbooks, 7 mobile phones, 1 laptop, 2 passports, and drugs worth Rs 20 lakh from them.
According to DCP Ram Badan Singh, the main accused, identified as Shavez, provided bank account details of innocent people. It was later used to transfer the defrauded money. Money was also transferred to the Nainital Bank account in a similar way. The DCP further noted that the arrested foreign national, Alex, is an expert in cyber fraud. He has been living in India for the past ten years. Meanwhile, the Police have started investigating the case, and the accused are being questioned. Search is ongoing for other people associated with the arrested gang.
Last Year, in June 2024, involving a similar cyber fraud incident, fraudsters reportedly looted Rs 16.1 crore from Nainital Bank’s Noida branch. The fraudsters accomplished their plan by hacking into the bank’s server and then transferring the money to 84 different accounts.
According to reports, the bank’s IT Manager, Sumit Srivastava, busted the scam during a routine reconciliation of the bank’s balance sheet. He noticed Rs 36,09,04,020 in the RTGS account balance sheets and registered a case at Noida Cyber Crime Police Station. Meanwhile, assistance from CERT-IN (Indian Computer Emergency Response Team) was requested to probe the matter.
