police uncovered a well-organised cybercrime syndicate that had secured Corporate Internet Banking (CIB) facilities with the bulk payout feature enabled While tracing the money trail in a ₹ 2.66-crore investment scam.
Further scrutiny revealed several suspicious transactions, leading to the arrest of both men. The account was operated by Akhil Chauhan and Satyendra Yadav alias Tony. The syndicate was linked to 38 complaints filed on the National Cyber Crime Reporting Portal from at least 10 states and seven FIRs registered in Delhi, Odisha, Tamil Nadu and Punjab. The ₹ 2.66 crore siphoned off in Kanpur was routed to 89 bank accounts held in the names of individuals and firms, he said.
Police commissioner Raghubir Lal said this was the first time a criminal gang had been found using CIB facilities with the bulk payout feature to transfer money obtained through cyber fraud. Lal said the investigation led police to a bank account belonging to a firm into which part of the defrauded money had been deposited. The gang comprises hackers who send APK files, software coders and banking experts, police said.
Two men allegedly linked to the gang were arrested on Friday, with police indicating that more arrests were likely in the coming days.
Interrogation of the accused has revealed a multi-layered cybercrime syndicate operating from Mumbai, with key players based in Kolkata who are proficient in Python programming, Lal said.
“We have managed to obtain some names, and the investigation is progressing in the right direction,” he added.
