Cyber gang busted, Rs.5.5 mn seized

October 22nd, 2008 - 9:12 pm ICT by IANS  

Noida, Oct 22 (IANS) Five men who siphoned off Rs.16.6 million from an industrialist’s bank account in this Delhi suburb through internet banking were arrested and Rs.5.5 million was seized from them, a police official said Wednesday.Pawan Kumar Agrawal, owner of M/s PPS International, lodged a complaint with the police Oct 11.

He said that a sum of Rs.16,652,500 had been taken out from his company’s account being operated at sector-27 branch of Punjab National Bank.

He said that the theft took place while he was out of the country for 15 days. The money was siphoned off through about a dozen transactions from his account.

After returning from abroad, he was shocked to see his account statement which showed that a huge sum of money was missing.

R.K. Chaturvedi, senior superintendent of police, Noida, said that they tracked the men involved in the crime to Goa, Pune and Mumbai.

The arrested men include Savio Dairoch Lobo, Mitul Trivedi, Bharat Bhai Patel, Udai Kapadia and Yogi Anjani Bhandar.

Lobo is a resident of Goa, Trivedi hails from Pune while the remaining three are from Mumbai.

The gang leader is yet to be arrested, said Chaturvedi.

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