The Cyber Crime Cell, Lucknow, on Thursday busted a major online fraud racket involving fake companies and fraudulent bank accounts used to siphon off over Rs20 crore. Three accused, including a deputy branch manager of a private bank, were arrested in connection with the scam.
The arrested individuals are:
Umakant (36), Basti district
Rajiv Biswas (28), Basti district
Uttam Kumar Biswas (44), deputy branch manager of a private bank in Chinhat, residing at Kiran Enclave, Kursi Road
On November 5, the cyber cell received a tip-off regarding Umakant and Rajiv’s involvement in large-scale cyber fraud. Acting promptly, the team apprehended them near Axis Bank, Gol Market.
During interrogation, the duo revealed their connection with Uttam Kumar Biswas, a senior bank official who allegedly facilitated the creation of fake bank accounts for fraudulent transactions. Following this lead, the team raided Kiran Enclave and detained Uttam, who later confessed to his role. The trio has been booked under relevant sections of the Bharatiya Nyaya Sanhita (BNS) and the IT Act, Inspector Brijesh Yadav said.
Investigations revealed that Umakant and his associates floated fake firms and opened multiple bank accounts to receive money obtained through online gaming frauds and other cyber scams. Uttam Biswas allegedly approved these accounts and ensured they passed internal scrutiny, taking a 10–20% commission from each transaction. The illicit funds were reportedly used to purchase land and gold jewelry.
Analysis of seized mobile phones, cheque books, and passbooks revealed over 40 cyber fraud complaints across various states. Authorities confirmed that further arrests are possible as part of dismantling a wider cyber fraud network operating across India.
“We are coordinating with other states to trace the money trail,” said an officer.
