In less than four months, 13 bankers in India have been arrested by security agencies for assisting cybercriminals in siphoning money from the public. These arrests have shed light on how these bankers are aiding cyber cons in their fraudulent activities.
In the most recent case, a former deputy manager of Yes Bank in Mumbai was arrested for allegedly providing cybercriminals access to five bank accounts in 2022. The individual, identified as Yusuf Mohammad Chand Shaikh, worked at Yes Bank’s Kurla branch until a month ago.
The investigation began after a marketing executive from Manesar filed a case in 2022, reporting a fraud of Rs 45 lakh. The executive had been approached by an online user claiming to be a South Korean woman named Anxi, who convinced him to invest in cryptocurrency. When the executive tried to withdraw his investment, he was asked to pay an additional Rs 25 lakh. It was later discovered that the website he used for investment was a copy of a well-known Korean crypto-trading portal.
During the investigation, police found that Rs 19 lakh of the lost amount was transferred to a Yes Bank account belonging to a daily wage earner in Mumbai. However, the person claimed that he did not open any account. Further investigation led to the identification of Yusuf Mohammad Chand Shaikh, who allegedly opened the account illegally without following KYC norms.
According to reports, previous cases have also revealed that bankers were involved in opening fake accounts for cybercriminals. These bankers charged commissions ranging from Rs 10,000 to Rs 2 lakh per account.
It is important to note that these arrests highlight the need for increased cybersecurity measures in the banking sector to protect customers from cyber fraud.
No comments:
Post a Comment