2 more arrested in Cosmos Bank’s Rs 94.42 crores transfer case

Sumit Singh

Pune – Acting swiftly after hackers transferred Rs 94.42 crores from Cosmos Bank last month, Pune city police have arrested two more persons who had withdrawn cash in Kolhapur ATMs.

Police said that the arrested accused Shaikh Mohammad Abdul Jabbar (28) of Aurangabad and Mahesh Sahebrao Rathod (22) of Nanded, . along with their earlier arrested accomplices
Fahim Mehfuj Shaikh (27) of Bhiwandi and Fahim Azim Khan (30) of Aurangabad, and their five friends had withdrawn cash using 95 cloned ATM cards.

The arrested persons are in police custody till September 18.

It may be recalled that Punekarnews.in was the first to report that customers of Cosmos Bank were facing problems in doing transaction due to server problem.

The criminals had hacked the server on August 11 and transferred Rs 78 crores to accounts out of India. They also transferred Rs 2.5 crores to accounts in different parts of the country.
On August 13, they transferred Rs 13.92 crores to a bank account in Hong Kong.

A bank officer Suhas Subhash Gokhale has filed FIR with Chatushrungi police station against unidentified persons and ALM Trading Limited, Hong Kong.

Police have booked the criminals for offences under sections 120B (criminal conspiracy), 379 (theft), 420 (cheating), 34 (common intention) of the Indian Penal Code and relevant sections of Information Technology (IT) Act.