Alert bankers forestall Rs 120 crore cyber fraud, seven arrested | Lucknow Information
LUCKNOW: Stopping one of many largest cyber frauds within the state, a joint staff of the cyber cell and UP Police on Tuesday arrested seven members of a gang that had siphoned Rs 120 crore off the checking account of city-based Dr APJ Abdul Kalam Technical College (AKTU).
In response to police, whereas posing as AKTU officers, the fraudsters first opened an account in college’s identify at a department of a nationalised financial institution the place the varsity already had an account.Thereafter, they tricked the financial institution officers into transferring Rs 120 crore in 5 installments to the brand new account and from there the cash was transferred to an account of a Gujarat-based charitable belief in one other nationalised financial institution.
Quantity siphoned off AKTU checking account to Gujarat-based agency recovered
This transaction raised doubts within the thoughts of financial institution officers who bought an audit performed and found the fraud. The officers then knowledgeable police which arrested seven males alleged to be concerned within the crime.
Police say that the gang had procured a letter required for switch of funds from the general public sector financial institution’s department supervisor, Anuj Kumar Saxena, and impersonated AKTU’s authorised signatory to open the second checking account. They then procured cheque books and transferred the cash to the Gujarat-based firm’s checking account. These arrested have been recognized as Devendra Prasad Prabhashankar Joshi and Uday Patel from Gujarat, Rajesh Babu of Unnao, Girish Chandra and Shailesh Kumar Raghuvanshi of Lucknow, Dastgeer Alam of Amethi and Krishna Kant of Basti district.
The police succeeded in recovering Rs 119 crore from the accused by getting the cost stopped.
DCP East Prabal Pratap Singh stated the miscreants procured the email-ID of the financial institution by contacting the financial institution’s department supervisor who was on a trip.
The miscreants despatched a pretend letter to the Jankipuram department during which AKTU has a checking account, asking them to switch the cash in AKTU’s FD account on the Vidhan Sabha Marg department. “The miscreants had opened a pretend FD account within the identify of AKTU. They then transferred the cash in an organization’s account and withdrew round Rs1 crore,” the DCP stated.
In his grievance on June 12, financial institution supervisor Anuj Kumar Saxena had stated that in his outing in Manali on June 3, he bought a name from a person who launched himself as Dr Shailesh Kumar Raghuvanshi, who requested him to share his visiting card as he wanted make a hard and fast deposit. Saxena stated he despatched Raghuvanshi to the financial institution and requested a financial institution official to take up his case.
“On the subsequent day, I bought a name from one Jai Singh aka NK Singh, who launched himself as finance officer of AKTU, asking the FD charge on the financial institution. The subsequent day they bought Rs 49 crore, Rs 49 crore and Rs 22 crore transferred to the Vidhan Sabha Marg department from the Jankipuram department. He stated the financial institution sensed the foul play and requested the Gujarat financial institution during which the belief has a checking account to cease the cost,” he stated.