150 Complaints, Rs 95 Lakh Stolen: Ex-Bank Employee Arrested For Cyber Fraud In Telangana
A 25-year-old former bank employee was arrested in Telangana for orchestrating a large-scale cyber fraud scheme. The suspect impersonated bank officials to steal credit card details and OTPs from victims across multiple states, resulting in approximately 150 complaints.
Why it matters
This case highlights the growing threat of social engineering and the misuse of professional banking knowledge to bypass security protocols, impacting financial safety for digital banking users.
A 25-year-old Maharashtra man with previous experience working at Axis Bank has been arrested in Telangana's Adilabad city for allegedly posing as a bank official and cheating customers by obtaining their credit card and bank account details and one-time passwords (OTPs).The accused, Chaitanya Pramod Kute, a native of Akola district in Maharashtra and currently residing in Pimpri-Chinchwad, Pune, was arrested by a police team in Maharashtra.Police said Kute allegedly used his previous experience of dealing with bank customers to make his calls appear genuine."He collected mobile numbers of bank customers and subsequently contacted them using different SIM cards and mobile phones while impersonating bank officials,'' said District Superintendent of Police Akhil Mahaja.According to police, the accused would tell customers that their credit cards required activation or verification.
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