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Five bankers among six arrested for Rs 7.36-crore cyber…

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activeCyber Crime / Digital ArrestPan India

Five bankers among six arrested for Rs 7.36-crore cyber fraud

The Delhi Police have uncovered a cyber fraud network connected to 99 complaints across India involving ₹7.36 crore. According to authorities, the operation utilized 37 suspected mule bank accounts across two bank branches in Delhi to route illegal funds. Part of the proceeds from the alleged fraud was reportedly converted into cryptocurrency.

State

Multiple States

First reported

October 2026

Agency involved

Delhi Police

Arrests

6 individuals (5 bankers and 1 alleged associate)

Charges or sections cited

Sections 317(2), 317(5), 338, 336(3), 340 and 61(2) of the Bharatiya Nyaya Sanhita

Status

Six people arrested, one branch manager at large, and further investigation under way

The full story

Everything you need to know about this case, in one place.

Investigators arrested six individuals in connection with the case, including a branch manager and four members of a bank sales team from one branch, along with an alleged associate who reportedly procured identity documents. Another branch manager remains untraced by authorities. The scheme allegedly involved opening accounts using forged documents and signatures without the knowledge or physical presence of the nominal account holders.

According to police findings, daily-wage labourers were allegedly targeted under the pretext of loan approvals to obtain their KYC documents and photographs. These details were reportedly used to set up the fraudulent accounts with the assistance of internal bank personnel who processed and approved the applications. Authorities seized various items including identification cards, SIM cards, digital devices, cash, and gold jewellery during the operation.

Not yet reported: The articles do not mention the total number of victims outside of the 99 registered complaints or the final judicial outcome of the case.

Where the case stands

The latest position in the reports we read.

Six people have been arrested in connection with the network, while one branch manager remains at large. Police stated that further investigations are ongoing to identify other participants and trace the remaining proceeds.

Who was affected

Described in general terms; we do not name victims.

Unsuspecting daily-wage labourers whose personal documents and identities were allegedly misused to open fraudulent bank accounts, alongside 99 complainants across India whose funds were targeted.

Timeline

Key dates as reported, oldest first.

October 18Five individuals, including a branch manager and four sales team members, were arrested by the police.

How the scam worked

The method described in the reports.

Daily-wage labourers were contacted over the phone on the pretext of securing loan approvals.
The victims' KYC documents and photographs were collected through messaging applications, and SIM cards were arranged in their names.
Forged signatures and the gathered documents were used to submit fraudulent account opening applications without the knowledge or presence of the account holders.
Bank sales team members and branch managers allegedly processed and approved these mule accounts.
Funds linked to cyber fraud complaints were routed through these accounts, and a portion of the proceeds was converted into cryptocurrency using a digital wallet.

Targeted by something similar?

Call 1930 (free, 24x7) straight away, then file at cybercrime.gov.in. Money reported in the first hours is far easier to freeze.

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Sources and further reading

Optional. The full story is above; these are the original reports it was prepared from.

thehindu.comOriginal report The Indian ExpressOpens via Google News

Prepared by Report Scams, with the help of AI, from the published reports listed above. Check those reports for the latest. Cases here describe allegations. An FIR, arrest or charge is not a finding of guilt. To report a mistake, or to ask for a correction or removal, write to our Grievance Officer. See also the Safe Posting policy.