Kolkata based cyber criminal working with Nigerian gang arrested for banking fraud

A conman from West Bengal was arrested by the Cyberabad Cyber crimes police who was involved in banking fraud and was working with Nigerian cybercriminals. According to the police, the 34-year-old man was arrested in an investigation of Rs 26.44 lakh fraud which he had siphoned off from three bank account of the victim in January 2018.

Police said the man is trained cybercriminals and have been involved in several cases of frauds in past. The accused was identified as Bikas Shaw, a resident of Kolkata. Bikas used to hire people who helped people in opening fake bank accounts and then get access to the victim’s SIM card by issuing a duplicate one. These SIM cards are used for carrying of unauthorized withdrawal of money from the bank account.

“Bikas used to take commission and transfers the remaining amounts to the Nigerian nationals either as Bitcoins or to other bank accounts. He was involved in the fraud that took place during January 2018, where a city-based man lost Rs 26,44,807 from three bank accounts after his SIM card became inactive,” said a senior police officer investigating the case.

Bikas is a known cybercriminal and was earlier arrested by the police of Karnataka, Jharkhand, West Bengal, Rajasthan, and Telangana for involvement in SIM swapping fraud.