17cr bank fraud: Man gave cons access to a/c, nabbed

Noida: Cyber police arrested another suspect on Monday in connection with Nainital Bank's server hacking case, in which fraudsters siphoned off Rs 16.7 crore in 84 transactions between June 16 and June 20, 2024. This is the second arrest, with over Rs 4 crore of the swindled money frozen so far, police said.
The accused was identified as 39-year-old Kuldeep Kumar, a resident of Pandav Nagar in Ghaziabad."Kumar is charged with swindling money through his bank account with the fraudsters, for a commission of Rs 5 lakh," said DCP (cyber) Preeti Yadav.
In July this year, cybercrime police received a complaint from an IT manager working at a branch of Nainital Bank in Sector 62, Noida. The complainant said that the branch's server was hacked and Rs 16.7 crore was transferred out of 89 accounts in the branch between June 16 and June 20. An FIR was registered under IPC Section 420 (cheating and dishonesty) and Section 66C (fraudulently or dishonestly making use of the electronic signature) of the IT Act.
Later, in Aug, police arrested accused Harsh Bansal, a resident of Dadri in Greater Noida. Investigation had revealed that Harsh, with the help of his chartered accountant (CA) brother Shubham Bansal, registered a fake firm in Ghaziabad and opened a fake bank account in Nainital Bank. He then took the help of cyber fraudsters to hack the branch's servers and swindle money from the bank.
"Kumar revealed that he provided bank accounts to the fraudsters, through which they siphoned off Rs 1.9 crore," the DCP added.
Following Kumar's arrest, police froze around Rs 4.1 crore of the total siphoned amount. Further charges under IPC Sections 468 (forgery for purpose of cheating), 120B (criminal conspiracy), and 201 (disappearance of evidence) have also been added to the case, and the remaining suspects are being traced, police said.