Massive Bank Fraud Unveiled Accused Arrested in Ghaziabad

Gang Defrauded Rs 16.95 Crore by Hacking Nainital Bank’s RTGS Channels a major breakthrough, authorities have arrested Harsh Bansal from Ghaziabad in connection with a high-profile bank fraud. The accused, along with his associates, allegedly defrauded Rs 16.95 crore from the RTGS channel of Nainital Bank, Sector 62, Noida.

Arrest and Investigation Details

Harsh Bansal, a resident of Dadri, was apprehended near Lal Kuan, Ghaziabad. During interrogation, he revealed that his elder brother, Shubham Bansal, a Chartered Accountant, operated an office named  Shubham bansal and Associates’ in Loha Mandi, Ghaziabad. Harsh, his brother, and their friend Sanjay Kumar reportedly devised a scheme involving fake companies to siphon off the funds.

Details of the Fraud

The gang exploited the bank’s RTGS channel to transfer Rs 16 crore 95 lakh to various accounts created under fictitious companies. These funds were then withdrawn through ATM transactions. The fraud was uncovered after Sumit Kumar Srivastava, IT Manager of Nainital Bank, lodged a complaint on July 10, 2024.

Actions Taken and Future Steps

Following the complaint, the police have sealed Shubham Bansal’s office, and Rs 2.08 crore have been frozen so far. Investigations are ongoing to track down other absconding suspects and recover the remaining defrauded amount.