The Powai police recently arrested the sales manager of a multinational bank, for allegedly creating hundreds of fake corporate salary accounts based on KYC documents taken from labourers, factory workers and even corporate staff. He sent the accounts’ details to fraudsters in Bihar and other states. They allegedly used them to deposit the amounts obtained from committing cyber fraud.

According to the police, between May 2022 and February 2023, the accused opened a total of 1,651 corporate salary accounts. Further investigation is on to determine how many of these are genuine and how many are bogus.