CBI Nabs IndusInd Bank Official in Rs 1.6 Crore Scam

The Central Bureau of Investigation arrested three individuals, including an assistant manager at IndusInd Bank, for their involvement in a Rs 1.6 crore 'digital arrest' scam. The arrests followed searches across Telangana and Andhra Pradesh. The accused allegedly coerced a senior citizen into transferring funds under false threats.

The Central Bureau of Investigation (CBI) has apprehended three suspects, including an assistant manager at IndusInd Bank, in relation to a Rs 1.6 crore 'digital arrest' scam. Officials reported on Saturday that operations included searches in five locations across Telangana and Andhra Pradesh.

This case was handed over to the CBI by the Supreme Court. Investigations revealed that the accused threatened a senior citizen with a fictitious 'digital arrest' to extort Rs 1.6 crore. The CBI discovered that the bank official allegedly facilitated the creation of a fraudulent account for transferring the ill-gotten money.

Additionally, two other arrested individuals were found to have played key roles in setting up mule bank accounts, thereby enabling the transfer and layering of the crime's proceeds. During the searches of the suspects' premises, various incriminating documents and electronic devices were confiscated, the CBI reported.

(With inputs from agencies.)