Bhubaneswar: The Cyber Crime unit of the Crime Branch has busted a Rs 2.3 crore bank fraud with the arrest of the Relationship Manager of a private bank.
Crime Branch sources said that based on the bank details and other documents collected during the investigation, the Cyber Crime Unit of the Crime Branch identified the prime accused and arrested Khirod Kumar Nayak (39),the Relationship Manager of AXIS Bank.
Police have frozen Rs 20 lakhs in one of his accounts with ICICI Bank and seized 32 ATM cards, 5 Passbooks, 37 Chequebooks, 2 Mobile phones, SIM cards, Laptop, and Signed cheque from the complainant from the accused.
An investigation is being conducted regarding the rest of the amount and involvement of others.
Police swung into action after a senior citizen widow from Cuttack registered a commission of fraud to the tune of Rs 2.3 crore on September 29.
Police sources here said the Complainant was having Saving, Current & OD Accounts in the Badambadi Branch of AXIS Bank, Cuttack. After her husband’s death, the Bank had assigned one Khirod Nayak, an employee of the Branch, as her Relationship Manager. Since she was not very aware of any of the banking investment processes, she was dependent on him.
On the repeated insistence of Khirod Nayak, she diverted the Saving accounts money to a Fixed Deposit to get more returns and for that purpose he obtained several signatures from her. She later came to know about an OD loan and transfer of the amount to one Sumitra Khuntia’s account.
On enquiry with the bank, she found around Rs. 2.3 Crores had been withdrawn from her FD Account and several transactions were made from her account to the account of a Sumitra Khuntia with HDFC Bank. Upon verification she also found that her registered mobile number had also been changed in between and she did not receive any OTP regarding the transactions also.
From the bank details and other documents collected during investigation, the Cyber Crime Unit of Crime Branch identified the prime accused and arrested Khirod Kumar Nayak (39).
During interrogation, it has been ascertained that the accused has been a bank employee for last 20 years and was working with AXIS bank since last six years. He developed good relationship with customers and gained their confidence in due course. Using the same, he has also opened some savings accounts to siphon off the cheated money.
In this case he took control of access of the account by changing the registered mobile number, which was seized from his possession. From the account of complainant, he transferred the amount to Sumitra Khuntia’s account in HDFC and then from there it was transferred to his other accounts.
On verification, it has been ascertained that approximately Rs. 1 crore has been utilised by the accused for buying insurance policies in the name of people who are under his confidence.
Investigation of the case is under progress.
