Dy manager, ex-employee of pvt bank held in 12.8cr cyber fraud

Jaipur: Banswara police, Thursday, busted a cyber fraud racket involved in siphoning off at least Rs 12.8 crore and arrested two key suspects—a deputy manager and a former employee of a private bank—for their roles in executing the fraud. The racket spanned 11 states and relied on the misuse of inactive bank accounts and forged documents.
According to police, the duo helped revive dormant accounts at the private bank's branch in Banswara and used forged self-cheques and ATM cards to withdraw money illegally. The fraud came to light after one Sandesh Shah and his brother Tanish Shah, residents of Dhaduka village in Banswara, filed a complaint. Their report led to the discovery that the same bank accounts were already used in 44 separate cyber fraud cases.
The fraudsters reportedly used tactics such as fake digital arrests, bogus investment offers, and forged financial instruments to siphon money from victims. These funds were then routed to dormant bank accounts that were reactivated by insiders at the bank. The victims were from across the country, including Karnataka, Kerala, Goa, Tamil Nadu, Delhi, West Bengal, Maharashtra, Bihar, Telangana, Haryana, and Gujarat.
Those arrested have been identified as Meghnesh Jain (28), a deputy manager at the bank, and Divyanshu Singh (30), a former employee. Police said both acted under the direction of Aman Kalal (28), a resident of Partapur in Banswara's Garhi region, who is currently absconding.
Police believe Aman persuaded Divyanshu—who worked at the bank in 2022—to open multiple accounts under the guise of meeting branch targets. After leaving his job, Divyanshu retained checkbooks and ATM cards for those accounts. He later forged signatures and used self-cheques to withdraw funds. While Divyanshu handled the forged documents, Meghnesh, allegedly used his position to unfreeze accounts without the required authorisation. He is accused of facilitating large cash withdrawals using fake cheques.