Deputy Bank Manager of Yes Bank Arrested from Mumbai for Providing Accounts to Cyber Thugs

Deputy Bank Manager of Yes Bank Arrested

Deputy Bank Manager of Yes Bank Arrested from Mumbai for Providing Accounts to Cyber Thugs

Yes Bank’s Deputy Manager from the Mumbai branch has been nabbed by Gurugram Police for illegally delivering bank accounts to cyber thugs for malicious tasks.

Mumbai:  Gurugram Police has arrested the deputy manager of Yes Bank in the case of providing accounts to cyber criminals by taking money.  This arrest has been made in a case of cyber fraud in the name of investment in the Crypto Market.

Police interrogation revealed that the arrested Deputy Manager had till now provided five bank accounts to cybercriminals.  The police presented the accused in court from where he has been sent to judicial custody.

Accounts Were Opened Fraudulently, ₹19 Lakh Transferred

The arrested accused Yusuf Mohammad Chand Shaikh is working as Deputy Manager at Yes Bank, Mumbai.  ACP, Cyber Cell Priyanshu Diwan said that a case of cheating of ₹45 lakh by investing in the crypto market through a fake website was being investigated.

In this case, a case (FIR) was registered in the cyber police station.  Investigation by the police team revealed that the bank account used for fraud was opened fraudulently.  Then Yes Bank employees were also included in the investigation.

After this, the bank employee who opened the fake account was caught.  The accused was identified as Yusuf Mohammad Chand Shaikh, a resident of Bhakti Yoga Society Sangharsh Nagar, Andheri, Mumbai.  During police interrogation of the accused, it was told that the accused is working as Deputy Manager at Yes Bank, Mumbai.

To achieve his target, the accused had opened a fake bank account and made it available to cyber-thugs.  In which Cyber Criminals had fraudulently transferred ₹19 lakh.  The accused has so far provided 5 bank accounts to cyber thugs.  So far 5 accused have been arrested in this case.  Gurugram Police has arrested 12 bank officials in the last two months in cyber fraud cases.

The Role of the Bank in Providing Bank Accounts To Cyber Criminals is Doubtful.

In the matter of cybercrime, the role of cyber criminals remains most important.  Along with this, the role of bank employees as officers has also come to light from time to time.

On one hand, Cyber Criminals give money to bank employees for opening accounts fraudulently, while on the other hand, bank employees and officers have to fulfill their target.  In this way, bank employees and officers get benefits in two ways.

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About The Author:

Yogesh Naager is a content marketer who specializes in the cybersecurity and B2B space.  Besides writing for the News4Hackers blog, he’s also written for brands including CollegeDunia, Utsav Fashion, and NASSCOM.  Naager entered the field of content in an unusual way.  He began his career as an insurance sales executive, where he developed an interest in simplifying difficult concepts.  He also combines this interest with a love of narrative, which makes him a good writer in the cybersecurity field.  In the bottom line, he frequently writes for Craw Security.


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