In a major cyber fraud case, Tipu Sultan, a personal banker at DBS Bank in DLF Phase-2, Gurugram, was arrested for allegedly manipulating a customer’s bank account details and selling them to cyber criminals. The fraud resulted in a suspicious Rs 1.96 crore being credited to the victim’s account.
Tipu Sultan, a native of Muzaffarnagar, Uttar Pradesh, had been working at DBS Bank since June 2023. Sultan was arrested by Gurugram Cyber Crime Police after a complaint was filed by the victim, who had opened an account with the bank. According to the complainant, he requested the bank employee to close his account. However, on December 6, 2024, he received a notification that Rs 15,000 had been credited to his account. Initially reassured by the bank employee, the complainant noticed another deposit of Rs 1.96 crore into his account on December 9.
Upon further investigation at the bank, the complainant discovered that Sultan had altered his mobile number and email ID linked to the account without his consent, replacing them with those of another individual. This led to the suspicion that the victim’s bank details had been compromised.
Following the complaint, Gurugram Cyber Crime Police initiated a detailed investigation. The police arrested Tipu Sultan on Thursday from Indra Colony, Gurugram. Sultan, during his interrogation, admitted to changing the victim’s account details, which allowed cyber fraudsters to siphon off funds from the account.
Sultan revealed that he had met an individual who wanted to open a current account for an online betting business. The suspect offered Sultan Rs 5 lakh in return for facilitating the fraudulent account setup. Sultan then changed the victim’s contact details and sold the account to the fraudsters.
The police recovered one mobile phone and two SIM cards used in the crime from Sultan’s possession. The authorities are now working to trace the cyber fraud network that exploited the stolen account details.
This arrest marks a significant breakthrough in the growing wave of cyber fraud involving bank employees. So far, Gurugram Police have arrested 23 bank officials who were allegedly involved in various fraudulent activities. Priyanshu Diwan, Assistant Commissioner of Police (Cybercrime), emphasized that the authorities are taking strict action against the perpetrators of such crimes.
Authorities are continuing to probe whether Sultan was part of a larger network of insiders assisting cyber criminals. They are also trying to track the other suspects involved in this case. This incident highlights the increasing risks posed by insider threats in the banking sector and the growing challenge of cyber fraud in India.