With the arrest of a Nigerian national, Hyderabad Police has busted the Mahesh Bank hacking case involving the hacking of bank servers and illegal transfer of money to the tune of Rs 12 crore.
The Hyderabad City Police on Wednesday arrested one of the masterminds of what is considered among the most sophisticated financial frauds busted in the State in recent times. The police also nabbed 21 of his accomplices.
The arrested person, Nigerian national Ikpa Stephen Orji, is said to be the key conspirator of the AP Mahesh Cooperative Urban Bank Limited e-fraud case, which saw four accounts of the bank being hacked, bank balances being manipulated and then, Rs.12.48 crore being transferred from the four accounts to 115 accounts and then to another 398 accounts, before being withdrawn from 938 ATMs across India.
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