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How A Bank Manager's Refusal Led To Unearthing A…

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activeCyber Crime / Digital ArrestPan India

How A Bank Manager's Refusal Led To Unearthing A Multi-Crore Cyber Fraud

Kanpur police uncovered a multi-crore cyber fraud network after investigating alleged fake complaints filed against a bank manager. A Jajmau-based exporter had lost Rs 2.66 crore through a fake investment scheme operated via a mobile application. The victim was allegedly lured by a social media advertisement and transferred funds between June and August.

State

Multiple States

First reported

October 2026

Agency involved

Kanpur Police

Arrests

Two individuals

Status

Under active police investigation

The full story

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

The investigation revealed that an accused individual had attempted to pressure a bank manager into granting corporate banking facilities by submitting false complaints through a government portal after being denied. This inquiry led authorities to a web of suspected mule accounts and a wider cybercrime network operating across multiple states with alleged masterminds based in Mumbai.

Police arrested two men for facilitating the fraud and freezing Rs 30 lakh in linked accounts. Authorities identified 31 suspected mule accounts opened by one of the accused in his own and his family members' names, which were connected to numerous cybercrime complaints nationwide. Investigators are probing additional suspects and tracing the broader money trail.

Not yet reported: The exact current legal charges or sections cited under the law against the arrested individuals are not detailed in the reports.

Where the case stands

The latest position in the reports we read.

Police have arrested two facilitators, frozen Rs 30 lakh in linked bank accounts, and are searching for other suspects involved in the nationwide network.

Who was affected

Described in general terms; we do not name victims.

An exporter residing in Defence Colony, Jajmau, who lost Rs 2.66 crore, alongside individuals affected across multiple states by linked mule accounts.

Timeline

Key dates as reported, oldest first.

June 18 to August 10The victim transferred a total of Rs 2.66 crore through a fake investment app.

October 2026Police cracked the cyber fraud network, arrested two individuals, and disclosed the details to the public.

How the scam worked

The method described in the reports.

The victim was lured through a social media investment promotion by someone claiming to represent a company.
The victim downloaded an application provided by the fraudsters and transferred funds into various accounts over a period of several weeks.
The application displayed fake high returns on the investment, creating an illusion of profit.
When the victim attempted to withdraw money, the fraudsters demanded an additional deposit as tax.
The fraudulent funds were subsequently routed through numerous bank accounts nationwide, including suspected mule accounts managed locally.

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.

rediff.comOriginal report RediffOpens 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.