Nearly Rs 7 crore was siphoned off from four branches of Bhavnagar District Co-operative Bank after cybercriminals allegedly gained unauthorised access to the bank’s software system through a mobile application.
Officials said the suspicious transfers were traced to accounts linked with the Talaja, Bharatnagar, Subhashnagar and Sidsar branches. The transactions were processed on Sunday when the bank remained closed, raising concerns about a possible breach in the digital banking system.
Preliminary investigations suggest that at least four mobile phones were used to execute the fraudulent transfers. The CID Crime Gujarat Cyber Excellence Centre in Gandhinagar was in the process of registering a case and initiating a detailed probe into the incident.
