In a corporate cyber fraud case, the South Cyber unit of the Mumbai Crime Branch has apprehended a deputy bank manager employed by a private bank. The arrest follows his alleged involvement in siphoning off Rs 42 lakh from a corporate office’s account. The arrested individual, identified as Pawanshiv Bhagwan Dadich, 31, hailing from Jodhpur, faces charges including cheating, forgery, breach of trust, and violations under the Information Technology Act.

The complainant, a garment business with a corporate office in Kalbadevi, South Mumbai, maintains its account with a private bank and conducts online transactions. On March 16, the company reported to the cyber police that an unknown individual had illegally transferred Rs 41.83 lakhs from their account using the internet.