Delhi Bank Employee Arrested in Rs 4.97 Crore Cyber Fraud

Two individuals, including a bank manager from Delhi, were arrested for involvement in a cyber fraud involving Rs 4.97 crore, under false stock market investment claims. Investigations revealed the accused facilitated fraudulent bank accounts. Multiple complaints have been filed across various states.

In a major crackdown, Delhi police have arrested two individuals, including a business development manager from IndusInd Bank, for their involvement in a cyber fraud scheme amounting to Rs 4.97 crore.

Authorities state that the scam entailed fraudulent stock market investment promises, with the bank employee facilitating unauthorized bank accounts.

Additional complaints related to the scam have been registered across Jammu and Kashmir, Tamil Nadu, West Bengal, and other states, prompting ongoing investigations.

(With inputs from agencies.)