Two former bank employees arrested for cyber loan fraud

The Gurugram police have arrested two former bank employees for fraudulently securing loans by accessing sensitive data from pre-approved accounts. The accused are being questioned in police remand.

On December 11 last year, a man filed a complaint at Cyber Crime Police Station, Manesar, alleging that Rs 12,585 was debited from his Axis Bank account on December 6. On inquiry, it emerged that a loan of Rs 4.74 lakh had been taken by changing the mobile number linked to his account. The debited amount was the first instalment. The police then registered a case and began an investigation.

The accused were identified as Mohammad Ali, a resident of Balia in Uttar Pradesh, and Mohammad Asif, a resident of Govindpur, Delhi. The police said Ali was a deputy manager at RBL Bank’s Delhi branch, while Asif worked at Axis Bank in Gurugram.

“Mohammad Ali was the main conspirator. He obtained confidential account data from Asif, including pre-approved loan details. Asif accessed the banking system and shared sensitive customer data with Ali. Ali then passed the data, along with a SIM card, to another accused, Mohammad Haseem. Haseem and his associates changed the registered mobile number and secured fraudulent loans through internet banking,” a senior police officer said.

The police said they will contact banks to check the accused’s involvement in other loan fraud cases. More arrests are likely.