Cyber Crime
Mastermind Behind Rs 16.95 Crore Cyber Fraud at Nainital Bank Arrested
NOIDA : In a significant breakthrough, Noida’s Cyber Crime Police have arrested a key suspect involved in a Rs 16.95 crore cyber fraud targeting Nainital Bank. According to DCP Cyber Crime, Preeti Yadav, the accused, part of a larger gang, accessed Nainital Bank’s server and siphoned off the massive amount from the bank’s RTGS pool account through a sophisticated cyber attack.
The investigation gained momentum when the Cyber Crime Police, acting on local intelligence and confidential information, apprehended the mastermind in Noida. This arrest follows the earlier capture of another accused, with authorities already freezing Rs 4.10 crore of the stolen amount.
DCP Yadav revealed that the suspect, identified as Kuldeep, was arrested from Noida. Some time ago, the cybercriminal gang managed to hack into Nainital Bank’s server and executed the fraud by transferring funds from the RTGS pool account. After an FIR was filed, accounts linked to the accused were frozen, and one of the suspects was previously sent to jail.
Kuldeep is said to have used his own bank account to facilitate the fraud, receiving Rs 1.97 crore, out of which he distributed Rs 1.52 lakh to other involved parties. In return for his role, he earned a commission of Rs 5 lakh. Authorities are continuing to search for other members of the gang.
This arrest marks a crucial step in the ongoing investigation, with law enforcement hopeful of apprehending additional suspects and recovering more of the stolen funds.