Dimapur police has arrested one person Gyanendra Singh (26) from Gonda district in Uttar Pradesh on charges of defrauding the Nagaland Co-operative Bank Dimapur with Rs 2 crore.
The arrest followed a complaint by the bank that unknown people had caused a huge financial loss to the tune of Rs 2 crore to it during 2020-21 by raising falsified chargeback claims on ATM transactions through multiple ATM cards of various banks, Dimapur police said on Monday.
During investigation supervised by ACP ‘C’ Division, it was found that personal bank accounts were first opened through the arrested person in various banks of the country, especially in Chandigarh and Uttar Pradesh.
After opening of the accounts, physical travels are made to Dimapur to withdraw cash from the ATM of Co-operative Bank Dimapur.
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On successful withdrawal of cash, the person used to travel back to other states and make false chargebacks from the parent bank branch on the concocted claim that during the ATM withdrawal process, the amount was debited from his account even though the ATM could not dispense the required cash.
Six ATM cards of Punjab National Bank and SBI, Aadhar card and a flight ticket were also seized from the possession of the arrested. In this connection, a case has been registered in West Police Station, Dimapur.