DGP orders probe into Rs2.90cr cyber fraud at CDCC Bank
Chandrapur: The Maharashtra director general of police (DGP) has ordered a detailed probe into the Rs2.93 crore cyber fraud in the Chandrapur District Central Cooperative (CDCC) Bank.
The cyber heist came to light in February when CDCC Bank officials detected 33 unauthorised transactions routed through Yes Bank's Nagpur branch. Between February 7 and 10, cybercriminals diverted over Rs3.60 crore through a series of fraudulent RTGS transactions.
Initial recovery efforts by the district police's cyber cell resulted in the retrieval of Rs90 lakh, but the remaining Rs2.93 crore remains untraced.
Chandrapur MLA Kishor Jorgewar sent a memorandum to the DGP, seeking a high-level forensic probe and the immediate registration of criminal cases against all individuals involved in the scam.
Jorgewar alleged involvement of senior bank officials, including the chairman, chief executive officer, IT chief, a computer assistant, and the cybersecurity vendor. The MLA also accused the bank of failing to implement adequate safeguards despite spending nearly Rs 100 crore on cybersecurity systems.
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"Shockingly, the bank neither had cyber insurance coverage nor followed proper legal channels when refunding the affected customers using its profits," he alleged.
Criticising the bank's internal forensic audit as 'incomplete and misleading,' Jorgewar demanded that an independent cyber forensic team reassess the incident. He also pressed for the formation of a Special Investigation Team (SIT). Taking serious cognisance of these developments, the DGP has directed Chandrapur SP to initiate a comprehensive investigation and file criminal cases as required. Sources said the inquiry will delve into the technical loopholes, the bank's alleged procedural violations, and the possible complicity of insiders.
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