The Canara & Axis Bank officers open fake account for cyber fraud case came to light as the CBI arrested two former bank officials. The arrests took place in Varanasi and Bettiah. These officers allegedly helped cybercriminals create and manage fake accounts to transfer money illegally.
CBI investigations revealed that Shalini Sinha, former assistant manager at Canara Bank, and Abhishek Kumar, former business development associate at Axis Bank, guided fraudsters on operating accounts and avoiding system alerts. Both reportedly received hefty bribes for their help.
Earlier, CBI raided 61 locations across India and arrested 13 suspects in connection with the cybercrime network. Evidence from digital devices played a key role in linking the arrested officers to fraudulent account operations.
The fake accounts, often called mule accounts, were used to move illegally gained funds, making it hard to trace transactions. The CBI continues to investigate whether other bank employees were involved in assisting cyber fraudsters.
