Private bank manager, three others held for cyber fraud involving Rs 12.51 crore
Bengaluru, Dec 28: Four people, including the manager of a private bank, were arrested for allegedly siphoning off Rs 12.51 crore by stealing sensitive data from a company, police said on Saturday.
The matter came to light after the director of Dream Plug Pay Tech Solutions Private Limited (CRED) approached the police in November, alleging the siphoning of Rs 12.51 crore from the company’s accounts.
According to the police, the director alleged that the company’s nodal and current bank accounts were with the Indiranagar branch of Axis Bank in Bengaluru and that some unknown persons had gained access to the email addresses and contact numbers associated with these accounts.
Investigation revealed that the accused stole the company's data, forged CIB forms, and duplicated signatures and seals to facilitate the transfer of Rs 12.51 crore to 17 different bank accounts in Gujarat and Rajasthan.
ALSO READ: Japanese national duped of Rs 35.5 lakh after 'digital arrest' in Bengaluru
City Police Commissioner B Dayananda said that by using the phone number and email ID linked to the private company's Axis Bank account, the accused faked corporate Internet banking forms and seals, enabling the transfer of Rs 12.51 crore to various accounts.
Bengaluru East CEN police investigated the case and arrested four people, including an Axis Bank manager in Gujarat.
"Rs 55 lakh that was transferred to 17 accounts has been frozen, and Rs 1,28,48,500 has been recovered from the accused along with two mobile phones. More accused are still at large, and the police are working to identify them," he added.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Constitution stood every test of time: PM Modi
New Delhi (PTI): Prime Minister Narendra Modi on Sunday said the Constitution has stood every test of time, lauding it as "our guiding light".
Speaking in his monthly Mann ki Baat broadcast, Modi noted that the next Republic Day will mark the 75th anniversary of the implementation of the Constitution.
"It is a matter of immense pride for all of us. The Constitution which its makers gave to us has stood every test of time. It is our guiding light, our guide," he said.
Modi said he reached this position in life because of the country's guiding document.
He asked people to visit the website constitution75.com which, he said, has been launched to link citizens with the constitutional heritage and legacy.
They can read the Constitution in different languages, ask questions and upload their videos leading to its preamble, he said.
His government, Modi said, has launched yearlong activities since the Constitution Day on November 26.
Opposition parties, especially the Congress, have accused his government of weakening the Constitution, a charge vehemently denied by the ruling BJP.
Modi has constantly highlighted his government's efforts to strengthen constitutional values and spirit and has, in turn, accused the main opposition Congress of subverting the country's guiding document whenever it was in power.
