The online funds transfer scam has covered four states and several banks, including cooperative banks reports Times of India.
Recently the role of a Maharashtra-based Goreshwar Gramin Multistate Cooperative Credit Society has been identified as one of the banks involved in the scam. CBI told the Hyderabad court a similar online fund transfer fraud had caused a loss of Rs 3.5 crore to the Bangalore office of Rajiv Gandhi Foundation.
According to reports, a major portion of this money landed in the account of Hyderabad-based Goreshwar society.
Sources say the Goreshwar society appearing as a recipient in two or more online frauds was not a mere coincidence. The scamsters had used banks like Axis Bank, Saraswat Cooperative Bank, Deshmukh Co0perative Bank and several other banks.