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NDTV
6 days ago
- NDTV
2 Paytm Payments Bank Employees Release Rs 30 Lakh From Frozen Accounts, Arrested
Noida: Two employees of Paytm Payments Bank have been arrested for allegedly unfreezing accounts linked to cyber fraud in Noida, the police said on Tuesday. The accused, Chandresh Rathore and Tariq Anwar, released nearly Rs 30 lakh by unfreezing these accounts without the permission of investigative agencies or a court. The probe began after Paytm Payments Bank filed a complaint with the police in August last year, alleging that some of its employees were "misusing" their position and unfreezing the accounts frozen by the investigating agencies without any permission, additional deputy commissioner of police (cyber) Shavya Goyal said. थाना साइबर क्राइमः- खातों में फ्रीज पड़ी धनराशि को बिना किसी लॉ इनफोर्समेंट एजेन्सी/मा0 न्यायालय की अनुमति/आदेश के फ्रॉड की नियत से अनुचित लाभ ले कर डीफ्रीज कर 29,97,059 रूपये की धनराशि रिलीज करने के प्रकरण में 02 अभियुक्त गिरफ्तार किये गये। #CyberSafety — POLICE COMMISSIONERATE GAUTAM BUDDH NAGAR (@noidapolice) July 15, 2025 The accused were working with an intermediary, who would be in touch with owners of various frozen accounts, The Times of India reported, citing a police officer. These account owners would then pay the accused to defreeze their accounts and release funds. "The accused have helped cyber criminals this way for several years before getting caught," senior police officer Vivek Ranjan Rai said. Another officer said more employees of the company could be involved in the scam.
News18
6 days ago
- News18
Two Paytm Employees Arrested For Illegally Releasing Rs 30 Lakh From Frozen Accounts
Last Updated: Cops said Chandresh Rathore of Jabalpur and Tariq Anwar of Mau used their access privileges to bypass restrictions on frozen accounts, allowing funds to be withdrawn unlawfully Noida Police have arrested two employees of Paytm Payments Bank for allegedly releasing nearly Rs 30 lakh from accounts that were frozen due to their suspected involvement in fraudulent activities. The arrests were made after an internal investigation revealed unauthorised transactions carried out by the accused staff members. According to police officials, the employees— Chandresh Rathore of Jabalpur and Tariq Anwar of Mau—used their access privileges to bypass restrictions on frozen accounts, allowing funds to be withdrawn unlawfully. The Times of India reported that the accused acted under the direction of an intermediary who communicated with the owners of several frozen accounts—likely individuals under investigation for various cyber fraud cases. These account holders reportedly paid the accused to unlock their accounts and release the funds. थाना साइबर क्राइमः- खातों में फ्रीज पड़ी धनराशि को बिना किसी लॉ इनफोर्समेंट एजेन्सी/मा0 न्यायालय की अनुमति/आदेश के फ्रॉड की नियत से अनुचित लाभ ले कर डीफ्रीज कर 29,97,059 रूपये की धनराशि रिलीज करने के प्रकरण में 02 अभियुक्त गिरफ्तार किये गये। #CyberSafety — POLICE COMMISSIONERATE GAUTAM BUDDH NAGAR (@noidapolice) July 15, 2025 The illegal transactions were detected during routine audits conducted by the company's fraud-prevention team, which immediately alerted law enforcement agencies. The two staffers, who were part of Paytm's operations team, reportedly manipulated the system to facilitate the transfer of funds without following proper verification protocols. This breach raised serious concerns about the security and integrity of Paytm's financial operations. Police are investigating whether the released funds were linked to larger financial scams or money laundering activities. The arrested employees have been taken into custody for further questioning, and authorities are scrutinising their communication and transaction records to identify possible accomplices. Senior police officer Vivek Ranjan Rai was quoted as saying by NDTV that the accused 'helped cyber criminals this way for several years before getting caught". Another officer said more employees of the company could be involved in the scam. Paytm has expressed its cooperation with the investigation and reiterated its commitment to stringent security measures to prevent such incidents. The company emphasised that it is taking steps to strengthen internal controls and protect customer assets from fraud. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
7 days ago
- Business
- Time of India
Paytm staffers held for releasing funds from accounts with scam link
Noida: Two employees of Paytm Payment Bank Company were arrested for fraudulently accessing and releasing nearly Rs 30 lakh from accounts frozen by law enforcement agencies in connection with cyber scams. The arrests come 10 months after Paytm, headquartered in Noida, on Aug 30, 2024, filed a complaint with Cyber Crime police that some of its employees were defreezing accounts frozen by police without permission from law enforcement officials or courts. During the probe that followed, cops found two of the company's customer executives—Chandresh Rathore of Jabalpur in Madhya Pradesh and Tariq Anwar of Mau in UP—had fraudulently released Rs 29.9 lakh by defreezing accounts under court scanner and arrested them on Tuesday, additional DCP (cyber) Shavya Goyal said. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida Police told TOI the accused were working at the behest of an intermediary, who would be in touch with owners of various frozen accounts, possibly people facing probe in different cyber fraud cases. These account owners would pay the accused to defreeze their accounts and release funds. "The accused have helped cyber criminals this way for several years before getting caught," ACP (cyber) Vivek Ranjan Rai said, adding they were arrest under relevant BNS sections. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kako sam osvijetlio svoje dvorište bez računa za struju Shark Light Saznajte više Another officer part of the investigation said more employees of the company could be involved in the scam. "For nowm we have come to know that an employee from the company's Hyderabad team is the kingpin of the nexus. We are working to trace him. The accused had customer access to accounts that were frozen," the officer said. The two men were presented before a local court on Tuesday.
