A 35-year-old employee of a bank has been apprehended by the Delhi Police Crime Branch for allegedly playing a role in a cyber fraud operation. He is accused of opening a bank account with falsified documents, which was subsequently utilized to embezzle funds from several victims, according to police officials on Sunday.
The individual, named Irshad Malik, resides in Ghaziabad and was taken into custody on April 10. He held the position of Relationship Manager at a private banking institution. The investigation was triggered after a First Information Report (FIR) was filed in October 2023 at the Cyber Police Station in Dwarka regarding an unauthorized withdrawal of Rs 88,000 from a State Bank of India (SBI) account. Authorities tracked the funds to an account at RBL Bank registered under the name “Lawrie Trade Exim.”
Deputy Commissioner of Police for the Crime Branch, Harsh Indora, commented, “The accused exploited his professional role to open a bank account using counterfeit documents without adhering to proper Know Your Customer (KYC) protocols. He was fully aware that this account would facilitate the laundering of stolen money and received a commission for his involvement.”
Earlier, four individuals—identified as Harjinder alias Harji, Kulwinder Singh, Harjeet Singh, and Himanshu Kapoor—were arrested in connection with this fraud scheme and are currently out on bail. Malik’s arrest occurred in New Friends Colony, located in Southeast Delhi, following actionable intelligence received by the police.
Investigators discovered that the account was established using forged documents belonging to a person who had never set foot in Delhi. A forensic examination validated that the signatures on the account opening documents were indeed forged, as confirmed by police reports.
The police revealed that the suspects were part of a larger organized group that deceived victims through job offers disseminated on social media and Telegram channels. They initially provided small returns to entice victims into making larger investments. “Once substantial sums were gathered, the perpetrators would block the victims and terminate the platforms,” Indora stated, noting that numerous victims have been defrauded of significant amounts, totaling crores. Ongoing investigations are in progress.
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