A Deputy Manager of National Urban Cooperative Bank (National UCB) has been arrested by Delhi Police for allegedly facilitating the operation of a bank account that investigators claim was used in multiple cyber fraud cases across the country.
Police said the account, maintained at the bank’s New Kondli branch in East Delhi, surfaced during an analysis of complaints lodged on the National Cyber Crime Reporting Portal (NCRP).
Investigators found links between the account and 159 cyber fraud complaints, with transactions worth nearly Rs 68 crore routed through it.
The account, opened in the name of Mahakal Enterprises, has come under scrutiny after the individual whose credentials were allegedly used denied having opened the account or visited the branch.
The case has raised fresh concerns about KYC compliance and internal controls in the banking sector. Investigators are continuing to examine the role of other individuals and whether established verification procedures were bypassed.
