Wednesday, September 14, 2011

Hacker nabbed for stealing 16cr - - 14 Sep 2011

Bangalore: Cyber crime police under the Criminal Investigation Department (CID) are hunting for seven persons, who allegedly conned a city-based bank to the tune of Rs 16 crore by fraudulently withdrawing cash from its customers’ accounts.
Sleuths have already arrested prime accused Selva Babu, a resident of Chennai and owner of V-Cube Technologies. He hacked into several accounts of ICICI bank and routed money to the account of a Non-Government Organization.
“Selva Babu was paid to write software for the bank and he used it to steal the money,” police said.
The other accused fled soon after Selva Babu was arrested. “Selva Babu has good technical knowledge. He stole passwords of bank account holders and withdrew money,” the sleuths added. “We have clues about the absconders,” said CID officers.
CID sources said the NGO is also under the scanner for receiving donations from unidentified donors. “We don’t find the NGO involved in any serious activity. If we come across any donated money, we’ll definitely seize and book cases against the NGO for money-laundering,” sources added.
The incident came to light when some victims approached the bank stating that an NGO had illegally diverted money from their accounts to its account. Bank officials approached city police, who after a long chase arrested Selva Babu early this month.

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