Guwahati: In a major breakthrough in a cyber banking fraud case, Assam Police have arrested five individuals from Morigaon and Nagaon districts for their alleged involvement in a well-organised financial scam. Preliminary investigations have pegged the fraud amount at over ₹25 lakh, with authorities indicating that the total financial loss may rise further as questioning and technical scrutiny continue.
According to police officials, the operation was carried out by a specially constituted team acting on specific intelligence inputs. Late-night, coordinated raids were conducted at multiple locations to prevent any of the suspects from escaping or destroying evidence. Simultaneous searches were carried out in Laharighat and Moirabari areas of Morigaon district, as well as in the Dhing area of Nagaon district, leading to the arrest of all five accused.
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Investigators stated that the accused were targeting the banking system in a planned and systematic manner. Initial findings suggest that forged and misleading documents were prepared to illegally withdraw funds from Axis Bank. Multiple identity documents, banking instruments, and digital devices were allegedly used to make fraudulent transactions appear legitimate and routine, thereby avoiding immediate detection.
During the raids, police recovered and seized a large cache of incriminating materials. The seized items include several mobile phones, debit cards, cheque books, bank passbooks, a passport, PAN cards, and Aadhaar cards. Officials believe these documents and devices were used to create fake identities, manipulate bank records, and facilitate unauthorised access to accounts.
Police sources revealed that the arrested individuals are aged between 21 and 34 years and hail from different wards and villages across the two districts. Preliminary interrogation has indicated that the group was not involved in a single isolated incident but may have been operating for an extended period. Funds were allegedly routed through multiple accounts to conceal the trail of money and complicate detection by banking authorities.
Senior officers said that the investigation has now been intensified on both technical and financial fronts. The seized mobile phones and other digital devices have been sent to forensic laboratories for detailed analysis. Investigators are examining call detail records, chat histories, transaction logs, and other digital footprints to identify the full extent of the fraud and determine whether additional accounts or banks were affected.
Police are also probing whether the gang had operations beyond district boundaries. Authorities are examining the possibility of inter-district or even inter-state linkages. If further connections are established, more arrests are likely in the coming days. At the same time, coordination with concerned banks has been stepped up to prepare a detailed list of suspicious accounts and transactions, aimed at preventing further financial losses.
Officials said the case highlights the increasing sophistication of cyber-enabled banking frauds, where traditional document forgery is combined with digital tools to exploit loopholes in financial systems. Investigators are working closely with banking institutions to understand how the fraudulent transactions were processed and to strengthen safeguards against similar attempts in the future.
Amid the rising incidence of cybercrime, police have reiterated their advisory to the public to remain vigilant while carrying out digital and banking transactions. Citizens have been urged not to share personal documents, OTPs, or banking credentials with unknown individuals or callers. Any suspicious activity, officials said, should be reported immediately to the nearest police station or cyber crime cell.
The investigation remains ongoing, and police maintain that a comprehensive, layer-by-layer probe will be conducted to expose the entire network behind the fraud. Authorities have asserted that strict legal action will be taken against all those found involved, with the aim of deterring future cyber banking crimes and reinforcing public confidence in digital financial systems.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
