Gurgaon police have apprehended a young employee of a private bank for his alleged role in a sophisticated cyber fraud operation. The arrest sheds light on how bank insiders are being used to facilitate financial crimes.
Bank Insider Facilitates Fraud
The accused, identified as Love Kumar, aged 22, was working as a data collector at the IDBI Bank's Subhash Nagar branch in Gurgaon. His employment began in November 2024. According to police, Kumar confessed to opening multiple fake bank accounts using provided Aadhaar and PAN cards. He received a payment of Rs 2,000 for each account he opened.
Kumar, a resident of West Rajiv Nagar in Gurgaon, revealed that he opened a total of five such accounts. The documents were supplied by another accused, Amjad Khan. This network highlights a disturbing trend of bank officials being complicit in cybercrime.
The Elaborate Old Coins Scam
The fraud came to light after a victim filed a formal complaint on December 8. The complainant stated he saw advertisements on YouTube and Facebook offering to purchase old or rare coins and currency notes for prices as high as Rs 1.65 crore.
Upon contacting the provided number, he was led to believe he was dealing with an organisation authorised by the Reserve Bank of India (RBI). The gang then convinced him to transfer money under various pretexts, including registration fees, GST, and RBI charges. The victim lost a staggering Rs 40 lakh without receiving anything in return. A case was subsequently registered at the Cyber West police station.
Widening Net of Arrests
Investigations into the money trail revealed that Rs 12.5 lakh from the cheated amount was transferred to an account belonging to a man named Pramod. Police found that Pramod had sold this account to Amjad Khan.
Khan, during interrogation, admitted to purchasing this and several other bank accounts from individuals like Pramod. He then sold these accounts to cybercriminals for sums ranging between Rs 8,000 and Rs 10,000 per account.
With Kumar's arrest, the total number of people held in this specific case has risen to seven. This includes Amjad Khan and Pramod, who acted as intermediaries in selling the fraudulent accounts to cyber gangs.
This case is not an isolated incident. Gurgaon police have arrested more than 40 bank officials in connection with various cyber fraud cases since October 2024, indicating a serious systemic vulnerability being exploited by criminal networks.
