In a major breakthrough, Noida’s Cyber Crime Police have arrested a key suspect linked to a Rs16.95 crore cyber fraud involving Nainital Bank. DCP Cyber Crime, Preeti Yadav, stated that the accused was part of a larger gang that accessed the bank’s server and siphoned off substantial funds from its RTGS pool account through a sophisticated cyber attack.
The investigation gained traction following local intelligence and confidential information, leading to the arrest of the suspect, identified as Kuldeep, in Noida. This development comes after the earlier apprehension of another gang member, with authorities having already frozen Rs4.10 crore of the stolen funds.
According to DCP Yadav, the cybercriminal gang successfully hacked into Nainital Bank’s server and executed the fraudulent transactions. Following the filing of an FIR, accounts linked to the suspects were frozen, and one individual had already been jailed.
Kuldeep reportedly utilized his own bank account to facilitate the fraud, receiving Rs1.97 crore, of which he distributed Rs1.52 lakh to other accomplices. For his role in the operation, he earned a commission of Rs5 lakh. Authorities are actively searching for other members of the gang.
This arrest represents a crucial step in the ongoing investigation, with law enforcement optimistic about apprehending more suspects and recovering additional stolen funds.