Cyber Fraud has emerged as an order of the day. Not a day passes by without a fraud news tricking in.
Cyber Fraud has emerged as an order of the day. Not a day passes by without a fraud news tricking in.
In a fresh case, cyber cops gets to know that insiders from private banks had helped a 29-year-old open over 100 accounts to re-route scam money out of India
The woman, identified as
Jyotsana Chaturvedi who was arrested and out on bail, lives along the upscale Khar Link Road.
While she was taken into custody based on their initial investigation, the Bandra magistrate court felt the police case wasn’t that strong and was inclined to give her bail. But the court sensed the matter was serious and added a few bail conditions that she could not immediately fulfil. This effectively meant that she was in police custody.
As per Hemraj Rajput, DCP cyber, in a matter of 48 hours, his team worked hard and managed to extract some very crucial details and found the number in which she was getting transaction alerts was associated with almost dozens of accounts, which was hinting towards a larger Bitcoin scam. They then presented these facts before the court and managed to get her custody for a week.
For a week the cops questioned Chaturvedi and learnt that she had opened, atleast 100 current accounts in many banks over the past year, of which at least 14 of them were in use. While one which received the complaint*s money – had 9 crore transactions. The police came across 4-5 crore transactions in the other accounts.
The police also found that she had opened at least 20 shell companies with the use of fake KYC.
The cyber police further added that some bank officials provided her with copies of Aadhaar and PAN cards of their customers to Gumasta licence from BMC, which can be procured online and then the same can be used to open current accounts.
They then tracked down Vaishnavjyoti Pitta, 24, of HDFC Bank and Ashwin Tambe, 28, of Kotak bank for allegedly sharing the vital documents with Chaturvedi. “The bankers used to get a commission for opening accounts and, in some cases, they gave some lumpsum to the account holders whose KYC was used.
The police arrested Pitta and Tambe. After a detailed investigation, all three were remanded in judicial custody.
The cyber cops have also found that Chaturvedi, the main accused in the case, was directly in touch with the Chinese masterminds operating the Bitcoin scam and gave the fake account to them.
Rs 36 lakh, the complainant lost to the scam
9 crore- Number of transactions in account linked to accused
14 Number of accounts woman was operating.
News Input K.V.Raman
