Pramesh S Jain
F
ollowing a online trading scam case,the cyber crime police have arrested a gang of eight people including manager of a Axis bank and two of his sales team for helping the cyber fraud to open and operate mule accounts .
Bengaluru City Police Commissioner,B Dayananda told reporters,Based on a complaint from a businessman from Yelahanka who had invested Rs.1.5 crore his life saving after he was lured with high returns since March to June this year.
Even though the fake website having his investment details displayed that the victim had earned a profit of Rs.28 crore in a span of four months,he could not withdrawn .
After repeated attempts,he was told to deposit Rs.75 lakh as fee towards withdrawal of the amount.
Suspecting something fishy,the victim approached the police.A team of police,track down the transactions to four accounts from a private bank in Bengaluru and arrested four account holders including a woman from Chikkamagaluru town.
The account holder told the police that they have been helped by Manohar, sales manager,(Axix bank ) and his assistants karthik and Rakesh to open the account without proper verification of the documents.
Further probe revealed that the accused had also roped in bank manager Kishore Sahu offering him commission on every transactions .
Based on their confession the police arrested the bank manager and his sales team for not doing due diligence while opening the accounts in their bank .
The kingpin of the scam hailed from Chikmagalur presently operating from Dubai with the help of Manohar, who is his old acquaintance .
The kingpin would also share part of the money as commission with Manohar on every transactions.
Further inquiry revealed that there was Rs.97 crore worth transactions from these four mule accounts and they are involved in 254 cases across the country,City police commissioner,B.Dayanand,said .
The police have freezed the bank accounts and recovered around Rs.28 lakh while efforts are on to track down nine other accused who are holed up in other parts of the country and outside the country.
