New Delhi, June 19 -- Delhi Police have arrested four bank employees during Operation CyHawk 5.0 for allegedly facilitating the opening and operation of mule accounts used to receive and channel proceeds of cyber fraud cases reported from different parts of the country.
Deputy Commissioner of Police (IFSO) Hemant Tiwari said the arrests exposed the involvement of banking insiders in enabling the receipt, layering and settlement of money generated through cyber frauds. He said the accused had allegedly misused their positions and violated mandatory banking procedures, allowing fraudsters to siphon off money from victims across several states.
According to police, Pabitra Kumar Biswal, 42, Deputy Manager of the National Urban Cooperative Ba...