Pramesh S Jain
T
he East Division Cyber Crime Police busted a online fraud racket and arrested 4 persons including branch manager of a private bank in Rajkot in Gujarat in connection with accessing a payment gateway company’s website to withdraw cash Rs.12.5 Crore within two days.
Based on the complaint filed by CRED payment gateway company having thier corporate nodal account at indiranagar AXIS bank branch Bangalore lost 12.50 crore from thier account by some acused taking access to their Internet banking by using fake CIB request form with Directors fake signature-.
This case one of main Axis bank manager was involved identified as vaibhav Pitadia who is working in rajkot axis corporate section arrested from rajkot.
Based on his information the police team arrested his associates,Shailesh from rajkot,Nehaben and Shubham from surat .
The police team headed by police inspector Umesh Kumar,Gowrishankar and team were leading the team and investigating.
Investigation revealed that Vaibhav used his associates to create several mules accounts to transfer the transfer the money online which was later withdrawn and used personally.
The officials have seized the bank accounts and efforts are on to recover the money .
