A big case of cyber fraud has been reported in Kutch, Gujarat. Bank managers of HDFC and Jana bank branches in Kutch have been arrested in a fake account scam related to a cyber fraud of Rs 182,36,68,862 through 81 bank accounts.
The arrested have been identified as Chandan Kapadia (41), manager, HDFC Bank Kandla zone branch; Hitesh Kapta (38), manager, Jana Bank Gandhidham branch; and Yasin Sayecha (27), agency manager, HDFC Bank Kandla zone branch. One accused, Dipak Sharma, a senior citizen, remains at large.
These individuals allegedly facilitated the opening of current accounts under fake names and third-party savings accounts. In return, they received commissions from fraudsters as well as incentives from banks for opening new accounts. They also helped fraudsters unfreeze accounts that had been frozen following complaints lodged with the cybercrime helpline (1930).
How fraud was discovered?
Two weeks ago, the cyber crime police station in East Kutch, Gandhidham, uncovered a massive cyber fraud racket operating through a web of shell firms and fake bank accounts. The operation was carried out under the guidance of Bhuj IG Chirag Koradiya and SP Sagar Bagmar.
The racket functioned as a commission-based network, where associates earned varying commissions for each bank account used to transfer or route fraudulently obtained funds. This structure enabled scammers across the country to deposit and move money through accounts controlled from Kutch.
The police also found that there were 74 complaints registered against the bank accounts illegally operated by the accused persons across five banks. These complaints were from victims across West Bengal, Maharashtra, Tamil Nadu, Haryana, Uttar Pradesh, Karnataka, Rajasthan, Punjab, Uttarakhand, Bihar and Telangana.
Investigations revealed that several firms were fraudulently opened in the names of unsuspecting citizens. Many of these individuals later told police they had no knowledge that companies or bank accounts had been registered under their identities.
-
-
-
-
-
-
-
-
-
-
-
-
