Rs 2-crore bank fraud details lost to theft

13 January,2010 09:36 AM IST |   |  Madhusudan Maney

Thief targets RBI man's laptop, crucial papers become collateral damage


Thief targets RBI man's laptop, crucial papers become collateral damage

When his laptop bag was stolen from his car, a senior Reserve Bank of India (RBI) official also lost two important documents containing classified information on banks involved in frauds. The commission of these frauds had resulted in about Rs 2 crore going missing, and the RBI had spent much time and effort gaining the information that was contained in the now lost documents.

Gone with the thief: A thief who stole an RBI official's laptop also took away two files with crucial, classified details of banks involved in fraud amounting to Rs 2 crore.


A lesser loss was the RBI official's company laptop -- an IBM Thinkpad -- that was in the bag the thief took away from victim Raghuram Naik's car when he was buying groceries. The laptop, which attracted the thief, also contained some sensitive information, but the major loss is the two lost documents. The documents' theft has halted possible action against the fraudulent banks since the documents were vital to the case.

The 59-year-old Naik, an assistant general manager with RBI, said there was no backup of the documents. Naik parked his car in front of a shop in Koramangala and went to purchase groceries. He found the bag missing when he returned.


"The thieves had left the back door of the car open. I am not that worried about the laptop but the fraud-related documents were very important. Rebuilding the file will be difficult. I have backups of the laptop's data in three places but there is no backup of the documents," says Raghuram.u00a0 "I hope that confidential data present in the laptop will not be leaked to the public. I will have to pay over Rs 20,000 to the bank for the laptop. When I went to lodge a complaint at the Koramangala police station, another person had come there with a similar case."

Inspector G Nagaraj of the Koramangala police station said, "A complaint has been registered and the investigation is on." Police officials say laptop thefts are on the rise in the city. Most cases have been reported by high-profile people like software engineers, doctors and bank officials.

Another Bank laptop stolen
Syed Masoor Ahmed, senior manager, Canara Bank, also lost his office-provided Lenovo laptop worth Rs 48 thousand to theft on the same day. The laptop was stolen from his house in R T Nagar. However, sensitive data in his laptop was protected by passwords.
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Laptop theft RBI official crucial files gone Rs 2 crore missing Bangalore news