3 Kotak Mahindra Managers Arrested For Cyber Fraud Using 2000 Bank Accounts


Mohul Ghosh

Mohul Ghosh

Feb 28, 2024


Update:

Kotak Mahindra’s official statement:

“Three employees are being investigated by the Cyber Crime Police Manesar, Gurugram based on a complaint filed by an individual for defrauding him. The police is investigating the complaint.  Our commitment to security and compliance remains unwavering and we are cooperating with the authorities in the investigation”,

Earlier..

3 Kotak Bank Managers Held for Abetting Cyber Fraud

Gurugram cyber crime police have apprehended 3 managers working with private lender Kotak Mahindra Bank and one other individual, for purported connections with orchestrating cyber fraud by misusing bank account details illegally obtained from locals.

3 Kotak Mahindra Managers Arrested For Cyber Fraud Using 2000 Bank Accounts

The managers – assistant manager Mohit Rathi and deputy managers Mahesh Kumar and Vishwkarma Maurya operated out of the MG Road branch where they had been working for the past 7 months.

Opened Thousands of Accounts Via Deception

According to police, the 3 managers misguided people from remote Bilaspur to open accounts and procured associated welcome kits, before passing on the account statements and cards to hacker gangs who would siphon funds using them. Over 2,000 such accounts were opened.

One Hayat acted as the middleman obtaining data from the trio and delivering to cyber criminals for perpetrating financial scams worth lakhs at times by deceiving targets into making urgent online transfers. The lid was blown when one such episode was reported last November.

Caused losses running into lakhs

With all 4 now under custody, further interrogation aims to unravel the fraud network’s scale and recovery of defrauded money. Police pegged the scams’ intensity noticeable in the last 7 months after appointments.


Mohul Ghosh
Mohul Ghosh
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