An engineering student in Bengaluru sold his friend’s bank account to cyber thugs. Transactions worth about Rs 7 crore were done through this account. The police have arrested the accused student.
Bengaluru: A shocking case of cyber fraud has come to light from Silicon City Bengaluru. The police has arrested a student of a private engineering college here. He is accused of selling his own friend’s bank account to cyber thugs, through which a transaction worth about Rs 7 crore was made. Cyber police of North Division has arrested the accused. The arrested accused has been identified as E. Ayush, a resident of Hospete in Vijaypur district. The student who became the victim of this fraud studies in a renowned private engineering college near Bagalgunte. The matter came to light when suddenly transactions worth crores of rupees started happening in the bank account of the victim student.
Revealed in bank investigation
When a huge amount of transaction took place in the bank account of the victim student, the bank officials became suspicious. He called the account holder i.e. that student and interrogated him. During this time it came to light that his account was being misused. The bank immediately informed the student about this. The student was shocked to know about the transaction of about Rs 7 crore from his account.
Subsequent investigation revealed that this money was related to cyber fraud. The victim student immediately lodged a complaint at the Cyber Crime Police Station. Officials said that taking action on this complaint, the police arrested the accused Ayush.
How did this whole fraud happen?
Investigation revealed that about a year ago, the victim student had befriended the accused Ayush, who studied in the same college. Gradually their friendship deepened. Taking advantage of this friendship, Ayush said to his friend, “My bank account has been closed due to low balance. I have to use your bank account for money transactions for a few days.”
Trusting his friend, the victim student gave his Karnataka Bank account passbook, ATM card and online banking details to the accused in November last year. Not only this, he also handed over his Airtel SIM card linked to that bank account to his friend. Taking advantage of this trust, the accused used that bank account to transfer money for cyber fraud.
Commissioning by selling account on Telegram
Another big thing has come to light in the police investigation. Accused Ayush had sold his friend’s bank account to a network of cyber thugs active on Telegram app. Cyber criminals trap people on social media by giving advertisements like ‘Bank account needed on rent’. Due to greed for money, Ayush handed over his friend’s account to this network and took commission in return.
Police are now finding out how much money he received as commission. Besides, it is also being investigated whether this account is linked to another cyber fraud case that happened earlier. This case is a big warning for everyone. No matter how close a friend or relative someone is, never share your bank account details, ATM card, OTP or SIM card with him/her. This can implicate you in some major crime.