Cybercrime officials are looking into the involvement of bank staff in the increasing number of fraud cases, where criminals use ‘mule accounts’ to deceive people. Recently, investigators discovered that fraudulent accounts, including current accounts, were being opened in banks in Hyderabad and across India. Basic verification processes were often ignored by bank employees, and large … Read more
Prime Accused in Rs 300 Crore Bank Scam Arrested in Vrindavan Living as a Sadhu The prime suspect in a massive Rs 300 crore bank scam in Maharashtra was arrested in Vrindavan, Uttar Pradesh, where he had been hiding by pretending to be a sadhu (holy man). Babban Vishwanath Shinde, who is believed to … Read more
Hyderabad Cybercrime Police Nab Two for Selling Bank Credentials to Fraudsters In a crackdown on cybercrime, Hyderabad Cybercrime police arrested Bhura Ram (alias Raju Bhai) and Ramchandra (alias Ganesh Ram), both from Rajasthan. The duo is accused of selling bank account credentials to cyber fraudsters. These credentials were then used by the fraudsters to trick … Read more
Hyderabad: A senior government official working in the Chief Minister’s Office (CMO) was duped of Rs 7 lakh by cyber fraudsters on October 15. The victim, D Sridhar, who works as OSD in CMO, had searched for customer care numbers of a bank in an online search engine. He found a number and contacted the … Read more
A 29-year-old deputy manager of a private bank in Warangal, Telangana, has been arrested for stealing Rs 8.6 crore to fund his online gambling habit. The banker, identified as P. Ramesh, was working at the bank’s Narsampet branch. He allegedly siphoned off the money over a period of two years by forging documents. Ramesh used … Read more