Three Persons Arrested for Online Banking Scam

Hyderabad, State Crime Investigation Department's crime sleuths claimed that three persons duped a retired Chief Financial Officer (CFO) by collecting his bank details through a phishing email, as published in a report by Deccanchronicle on July 8, 2012.

The complainant received an e-mail purportedly from the Income-Tax Department that informed him about dues towards refunding of tax on March 5, 2012.

According to the Additional Superintendent of Police (ASP), considering the phishing mail as reliable and an original one, the former CFO keyed his Internet Bank account and password, as published in the Hindu on July 8, 2012. However, the ASP added that within 10 days of furnishing the details, his cell became disconnected.

On approaching the Company about the disruption of his mobile services, he was informed that someone by his name had requested to disable the SIM card due to loss of the card. The same person had also attained a replacement of the original SIM card comprising the same mobile number.

Criminal Investigation Department revealed that one of the gang members obtained the complainant's SIM card disabled the complainant did not obtained alerts on his banking transactions. By the time during which the victim received his mobile and reactivated his SIM, INR 4.98 Lakh was already transferred from his account online. On tracking the online transaction, the investigators traced and caught the offenders in Mumbai.

According to U. Ramamohan, Cyber Crime Superintendent of Police the arrested included Tajuddin Mohammed Saith (58), Basaya Kumar Sivappa, aka Harish (54), and Paresh Mohanta(26), residents of Mumbai as published in the Deccan Herald July 8, 2012.

Fardeen, a Nigerian national another accused in this assault has been sought with a red corner notice by the CID through the Interpol.

However, this is not the only case of online banking scam in recent times. During the first week of July 2012, Hyderabad police busted a gang of international fraudsters by arresting its members including a Nigerian who was wanted for online banking scams.

Related article: Three MOOP’s Scooped

» SPAMfighter News - 7/18/2012