K'taka police arrest bank manager-led gang

For siphoning Rs 12.51 crore via corporate data theft

- IANS

The Karnataka Police have arrested a gang of four individuals, led by the Manager of the Corporate Division at Axis Bank in Gujarat, for siphoning off crores of rupees by stealing sensitive data from a company, officials said on Saturday.

The Bengaluru East CEN police (Cybercrime, Economic Offences, Narcotics) apprehended the suspects and seized Rs 1.83 crore in cash, two mobile phones, and a fake Corporate Internet Banking (CIB) form, according to Bengaluru Police Commissioner B. Dayanand.