In a major crackdown on cybercrime, Noida Cyber Crime Police has arrested two key accused in a sophisticated Rs 30 lakh fraud involving Paytm Payment Bank accounts. The operation targeted fraudsters who illicitly unfroze seized bank accounts to siphon off nearly Rs 29.97 lakh.
The arrests came swiftly after actionable intelligence on January 20-21. One suspect was nabbed from Jaipur, Rajasthan, while the other was picked up in Noida itself. Investigations revealed that the duo had stolen sensitive computer data from Paytm Payment Bank, using it to unlawfully release funds from accounts previously frozen due to fraud complaints.
The case originated from a victim’s complaint filed on August 30, 2024, at Noida Cyber Crime Station. The complainant alleged that certain Paytm employees had dishonestly defrozen accounts without legal authorization from law enforcement or courts, allowing fraudulent withdrawals.
The arrested individuals, Rajesh Kumar Meena from Sawai Madhopur, Rajasthan, and Sachin from Sitapur, Uttar Pradesh (currently residing in Greater Noida), were integral to a larger cyber fraud network. Two other suspects had already been apprehended earlier in this probe.
Police are intensifying interrogations to uncover more accomplices. ‘This bust disrupts a dangerous modus operandi exploiting banking vulnerabilities,’ a senior officer stated. Citizens are urged to report suspicious online activities promptly to prevent such scams.
Authorities emphasize vigilance in digital transactions, as cyber threats evolve rapidly. Enhanced monitoring of payment gateways is now underway to safeguard users across the region.