Assam Police have arrested five individuals in connection with a major banking fraud involving losses of more than Rs25 lakh, officials said. The arrests were made during a late-night operation conducted by a special police team in Morigaon district.
According to police, the accused allegedly cheated Axis Bank by using forged and fabricated documents to illegally withdraw money. Acting on specific intelligence inputs, the special team carried out coordinated raids in areas falling under the Laharighat, Moirabari, and Dhing police station limits, successfully apprehending all five suspects.
The arrested individuals have been identified as Azaharul Islam (28) of Moirabari in Morigaon district, Mahmud Hassan (28) and Rakibur Rahman (26) from Dhing in Nagaon district, Rianud Zaman (21) of Laharighat in Morigaon, and Baharul Islam (34) of Moirabari.
During the operation, police seized several items allegedly used to execute the fraud, including seven mobile phones, six debit cards, two cheque books, a passport, two bank passbooks, and identity documents such as PAN and Aadhaar cards.
Investigators said the seized materials were used to create fake identities and exploit banking procedures to siphon off funds. Preliminary estimates place the fraud amount at over ₹25 lakh, though officials warned the total loss could rise as the investigation continues.
Police said the accused are being interrogated to trace the entire network behind the fraud and to determine whether similar scams were carried out elsewhere or involved other banks. Authorities added that more arrests are likely in the coming days.
