The east division cyber crime police busted an online fraud racket and arrested four persons, including the branch manager of a private bank, in Rajkot in Gujarat in connection with accessing a payment gateway company’s website to withdraw ₹12.5 crore within two days .
CRED, having their corporate nodal account at AXIS bank Indiranagar branch in Bengaluru, filed a complaint that they lost ₹12.5 crore from their account after the accused allegedly took access to their account by using fake CIB request form with the directors’ fake signature.
One of main accused is Vaibhav Pitadia, who was working in Axis Bank’s corporate section in Rajkot. Based on his information, the police team arrested his associates, Shailesh from Rajkot, Nehaben and Shubham from Surat.
Investigation revealed that Vaibhav used his associates to create several mule accounts to transfer the money online which was later withdrawn and used personally.
The officials have seized the bank accounts and efforts are on to recover the money.
Published – December 21, 2024 10:12 pm IST