Gujarat Police bust interstate cyber fraud racket targeting banks; seven held, search on for mastermind
AHMEDABAD: The Cyber Centre of Excellence of Gujarat Police has busted a high-tech interstate fraud racket that allegedly targeted more than 15 banks across the country and siphoned off nearly Rs 210 crore through a sophisticated digital scam.
The gang allegedly exploited banking software loopholes, siphoned crores from over 15 banks, and looted Rs 7 crore from Bhavnagar District Co-operative Bank in a single night.
