Fri Apr 11 14:57:41 UTC 2025: ## Cybercriminals Arrested for ₹1.3 Crore Bank Fraud
**Bengaluru, April 11, 2025** – Three individuals have been arrested by the East Division Cybercrime police in Bengaluru for allegedly defrauding a private bank of ₹1.3 crore (approximately $160,000 USD). The accused impersonated police officials, forging 18 court orders over a six-month period to unlock and transfer funds from accounts flagged for cybercrime.
The sophisticated scam involved sending emails to the bank’s nodal officer, complete with fabricated court orders demanding the release of the funds. The accused even followed up with phone calls to expedite the process. The bank released the full amount, ₹1,32,28,293, before realizing the fraud.
Police tracked the money trail, leading to the arrest of two suspects in West Delhi. Further investigation revealed the mastermind behind the operation, apprehended in Rajasthan. The kingpin, responsible for creating the forged documents and fake police ID using the Karnataka State Wide Area Network (KSWAN), is alleged to have already spent ₹38 lakh of the stolen funds.
The arrests highlight vulnerabilities in the banking system and a novel form of cyber fraud. All three accused have been remanded in judicial custody.
First Piper 