Gurugram | In a serious case highlighting the misuse of the banking system in cybercrime, Gurugram Cyber Police have arrested a 22-year-old employee of IDBI Bank for allegedly helping a cyber fraud syndicate by opening fake bank accounts. These accounts were later used to cheat victims by luring them with offers to purchase old and rare coins and currency notes at exorbitant prices.
According to the police, the accused has been identified as Love Kumar, who had been working as a data collector at IDBI Bank’s Subhash Nagar branch in Gurugram since November 2024. A resident of West Rajiv Nagar, Kumar allegedly misused Aadhaar and PAN card details to open multiple fraudulent bank accounts, for which he was paid ₹2,000 per account by intermediaries linked to the cyber fraud gang.
How the fraud came to light
The case surfaced following a complaint filed on December 8, 2025, by a victim who told police that he had come across advertisements on YouTube and Facebook claiming to buy old and rare coins and notes for amounts as high as ₹1.65 crore. When the complainant contacted the number mentioned in the advertisement, the fraudsters posed as representatives of an RBI-authorised organisation.
The victim was then persuaded to transfer money under various pretexts, including registration fees, GST and alleged RBI charges. Over multiple transactions, he transferred a total of ₹40 lakh, but received neither payment nor any confirmation of purchase. Realising he had been cheated, the victim approached the cyber police.
Money trail exposed banking network
Based on the complaint, a case was registered at the Cyber West police station. During the investigation, police traced ₹12.5 lakh of the cheated amount to a bank account held in the name of Pramod. On questioning, Pramod revealed that he had sold the account to Amjad Khan.
Amjad Khan, in turn, disclosed that he had sold several bank accounts to cybercriminals at rates ranging from ₹8,000 to ₹10,000 per account. This led investigators to uncover a broader supply chain of bank accounts being funnelled to cyber fraud gangs, eventually bringing IDBI Bank employee Love Kumar under scrutiny.
Confession by the bank employee
During interrogation, Love Kumar admitted that he had opened five bank accounts using Aadhaar and PAN cards provided by Amjad Khan. Police said these accounts were directly used for cyber fraud transactions, enabling the gang to receive and move illicit funds.
Investigators said the involvement of a bank employee clearly indicates that cybercriminals are circumventing KYC norms and banking safeguards through insider assistance, raising concerns over internal controls within banks.
Organised racket suspected
So far, seven people, including Love Kumar, Amjad Khan and Pramod, have been arrested in the case. Police believe the accused were part of an organised network involved in procuring, selling and operating mule accounts for cybercrime operations.
A senior police officer said that since October 2024, Gurugram Police have arrested more than 40 bank officials and employees in various cyber fraud cases. The figure has raised serious questions about internal monitoring mechanisms and compliance with KYC regulations in the banking sector.
Investigation ongoing
Police are now probing whether Love Kumar acted alone or if other bank employees were also involved. Investigators are also examining how many such accounts were opened and how many fraud cases they were linked to.
Cyber police have urged citizens to remain cautious of high-value offers and investment schemes advertised on social media, particularly those promising unusually large returns. People have been advised to report suspicious calls or transactions immediately to the police or the cybercrime helpline.
The case once again underlines that cybercrime today is no longer driven solely by technology, but increasingly enabled by institutional collusion, necessitating strict, multi-layered enforcement and accountability within the financial system.
