Preliminary investigation revealed that fraudulent transactions totaling Rs 23 crore had been routed through accounts created and managed by the suspects
Published Date – 29 January 2025, 06:01 PM
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Hyderabad: The Hyderabad Cybercrime police uncovered a massive trading fraud linked to cybercriminals operating across India, Nepal, and China and arrested three persons including two bank officials from Bengaluru in connection with the fraud on Wednesday.
Preliminary investigation revealed that fraudulent transactions totaling Rs 23 crore had been routed through accounts created and managed by the suspects.
The arrested persons are Shubham Kumar Jha, Deputy Manager, RBL Bank, Bengaluru, Haroon Rasheed Imamuddin Dharawad, Assistant Vice President, Axis Bank, Bengaluru and R Mohan, fabrication business trader from Bengaluru.
According to the police, arrested persons and their associates had over a period of time opened hundreds of mule bank accounts and Gmail IDs using fake identities. These were further provided to cyber fraudsters operating from Nepal and China in exchange for nominal commissions.
Further investigation revealed fraudulent transactions worth Rs 23 crore across accounts were managed by the suspects. They have been linked to 20 similar cases across India.
