Turkish cybercriminals hack Tripura ATMs, steal huge cash
After Assam, suspected cybercriminals from Turkey have stolen huge amounts of cash from ATMs through ATM-cloning devices installed in Tripura's capital Agartala, police said on Monday.
 
According to the police, banks and other sources, over 60 bank customers of different banks mostly State Bank of India (SBI) during the past few days lost lakhs of rupees due to the fraudulent acts of the cybercriminals and ATM hackers.
 
Tripura police's Cyber Crime wing Superintendent of Police Sharmistha Chakraborty said that as per their preliminary probe the Turkish nationals who had taken out lakhs of rupees of bank customers through the ATM-cloning devices in Guwahati in August are also involved in similar hacking in Agartala.
 
"We are collecting complaints of bank customers from various police stations and different bank branches to gather the information and other details of stolen cash of many bank customers from ATMs through ATM-cloning devices," Chakraborty told IANS.
 
She said according to their information available the suspected Turkish nationals after pilfering money from the several ATMs left Tripura for Kolkata.
 
"Our probe is on. If necessary we would take help from other agencies of concerned states where similar crimes took place," the official added.
 
According to local media reports, over Rs 80 lakhs of several customers were stolen from several ATMs during the past few days in Agartala.
 
SBI's Regional Manager Dibyendu Chowdhury said that they have so far received complains from 45 customers that they lost their money due to the ATM hacking.
 
Chowdhury said that the SBI has blocked a number of ATM and debit cards of its customers as precautionary measures.
 
According to a cyber-technology expert, the ATM card cloning system comprises a spy camera, a memory card and a small data device to gather ATM and account details of bank customers. Recently, two Turkish nationals involved in the ATM hacking were arrested in Mumbai.
 
Incidents of stealing money of a large number of bank customers from ATMs through ATM cloning devices took place in different parts of the country including Kolkata and Guwahati.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    COMMENTS

    Deepak Narain

    3 weeks ago

    Hackers are always ahead of governments and other public institutions security personnel. It would be better, perhaps, if public authorities will employ them as handsomely paid guardians of public machinery like our own National Informatics Centre, etc.

    PMC Bank Fraud: EOW Conducts Search at Arrested Ex-director Rajneet Singh's Residence
    The Economic Offences Wing (EOW) of Mumbai police is conducting a search at the residence of Rajneet Singh, former director of Punjab and Maharashtra Cooperative (PMC) Bank. On Sunday, the Esplanade Court granted the police his custody till 25th November, following which the EOW carried out searches at Sion-based residence of Rajneet Singh. 
     
    Last week, Rajneet Singh was arrested by the EOW in connection with the Rs4,355 crore PMC Bank fraud. He is son of Sardar Tara Sing, former member of legislative assembly (MLA) from Mulund.  
     
    Rajneet Singh was director of PMC Bank before the Reserve Bank of India (RBI) put restrictions on the lender. He was also on the recovery committee of the Bank. 
     
    This is the ninth arrest in the case by police. 
     
    Last week, the EOW arrested Jayesh Sanghani and Ketan Lakdawala, the two auditors who did the statutory audit of fraud-hit PMC Bank.  
     
    In a statement, the police had said, "Jayesh Dhirajlal Sanghani and Ketan Pravinchand Lakdawala were called for investigation… during the course of investigation, their association with Housing Development Infrastructure Ltd (HDIL) came into light and both could not provide convincing explanation regarding their role as statutory auditors of PMC Bank. Hence both were arrested for further investigation..."
     
    Jayesh Sanghani is partner in Ashok Jayesh & Associates, while Ketan Lakdawala is partner in Lakdawala & Co. 
     
    Meanwhile, according to The Tribune, Daljit Singh Bal, an absconding director of fraud-hit PMC Bank, has been located in Amritsar in Punjab. Quoting sources, the report says, Mr Bal obtained anticipatory bail from a court in Amritsar on learning that a team from the EOW was on his way to nab him from the holy town. The local court granted him bail after Mr Bal gave an undertaking that he would surrender before the Mumbai police in a fortnight’s time. Mr Bal was on the loans committee at PMC Bank.
     
    The EOW is still trying to locate another director, Gurnam Singh Hoti, who too is believed to be holed up in Punjab. Mr Hoti is also trustee of several Sikh institutions in Mumbai and supposedly helped collect deposits for the Bank from them. 
     
    The report says that the EOW is also looking to extradite one director Dr Parmeet Sodhi, who is in Canada. Dr Sodhi too was on the loans and recovery committees of PMC Bank. In its application before the magistrate in Chandigarh, last week, the EOW had said Dr Sodhi was responsible for sanctioning loans and was one of the directors responsible for the Bank’s operations.
     
    Last month, the Enforcement Directorate (ED) had seized and identified movable and immovable assets worth more than Rs3,830 crore owned by HDIL, the company directors and promoters, as well as official of PMC Bank and others related entities in the fraud case.
     
    The PMC Bank has been put under restrictions by the RBI since September after an alleged Rs4,355 crore scam came to light, following which the deposit withdrawal was initially capped at Rs1,000, causing panic and distress among depositors. The withdrawal limit has been raised in a staggered manner to Rs50,000.
     
    Founded in 1984 by S Gurcharan Singh Kochhar, from a small room in Mumbai, the Bank had now grown to a network of 137 branches in six states and ranked among the top 10 cooperative banks in the country.
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    COMMENTS

    Nakul Kumar Reddy

    3 weeks ago

    All the team should be behind bars.

    Newme

    3 weeks ago

    In all financial scams behind the scene there would be politicians, mafias, godmen and actresses. Let\'s wait for all the characters to reveal themselves.

    Nakul Kumar Reddy

    3 weeks ago

    Super news

    PMC Bank Wants Credit and Housing Societies to Lock-In Deposits for 3 Years
    The management of fraud-hit Punjab and Maharashtra Cooperative Bank (PMC Bank) is seeking consent from credit societies, cooperative housing societies (CHS) and other institutions from the cooperative sector that they will not withdraw their bank deposits for next three years. This follows a similar undertaking sought from its own staff, which has accounts with the bank. 
     
    Asking all branches to ensure compliance with its directive, the PMC Bank management says, "...the branches are advised to approach such customers (cooperative institutions) with a request to give their consent to keep the deposits during the next three years so that the Bank can approach the Reserve Bank of India (RBI) to remove the restrictions."
     
    The communication sent from PMC Bank's central office to all branches mentions about a meeting between the administrator and representatives of credit societies and federations. "In the event the Bank starts normal operations, the Bank may face liquidity crunch and hence, in order to overcome such situations, the representatives agreed that the cooperative credit societies, housing societies and the banks that have substantial deposits with PMC Bank will not withdraw the deposits during the next three years..," it says.
     
     
    The PMC Bank management has also made it clear that this consent should be voluntary. The branches are asked to verify signatures on the consent letter and send it to the central office for further processing. 
     
    Sources say, if the proposal from the bank has come about after a discussion with the Reserve Bank of India (RBI) then the two RBI employee societies, which have over Rs200 crore with the bank, may also be asked to lock-in their deposits in PMC Bank. 
     
    It would be interesting to see if any of these developments are part of the RBI’s response to the Bombay High Court in the affidavit it was asked to file in response to several writ petitions and public interest litigation (PIL) with regard to the PMC Bank issue. The next date of hearing is 19th November. 
     
    Few days ago, Moneylife wrote on how PMC Bank is asking its staff depositors to give a declaration that they will not withdraw their personal deposits with the bank for a period of three years, even if restrictions on withdrawal are lifted by the regulator. (Read: PMC Bank Fraud: Management Seeks Undertaking from Staff that They Will Not Withdraw Deposits for 3 Years
     
    PMC Bank has been put under restrictions by the RBI since September after an alleged Rs4,355 crore scam came to light, following which the deposit withdrawal was initially capped at Rs1,000, causing panic and distress among depositors. The withdrawal limit has been raised in a staggered manner to Rs50,000.
     
    Founded in 1984 by S Gurcharan Singh Kochhar, in a small room in Mumbai, the bank had now grown to a network of 137 branches in six states and ranked among the top 10 cooperative banks in the country.
     
     
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    COMMENTS

    Nagaraju Bommanahalli

    4 weeks ago

    I will ask both both parties please reply ,how much money recovered till today by selling assets of fraud persons who taken huge fraud loans,how much money returned to the bankrupted bank account holders , don't do drama,my friend lost several lakhs from Alpic finance a NBFC in twenty five years back, but till today he have not received single paise , this Alpic finance company is a subsidiary of Cipla group, this NBFC done huge fraud,but till today no action taken, these companies go to court and take stay order for the sale of theirs assets, Court will drag the case to twenty to thirty years at that time all investers will die, these fraudessters enjoy our loot money with political leaders, these are all drama nothing will happen only poor will die , why not Auditors arrested who have been submitting manuplated Audit reports by fabricating balance sheets. Even concerned officials from RBI are also equally liable for this situation. We need to initiate proper legal steps to compel RBI to immediately resume normal operations of Bank.In past history no business man who had taken huge fraud loans are not punished by court,ask these RBI give the list of who had punishment for such crime in India, nothing only poor people are finished from these fruduster, former finance minister chidambaram who had made banks to give loans by phone calls is getting bail after bail from all courts ,his son has thousand crores money in foreign country, these money has gave by Vijay malya like business men for getting fraud loans,no hope for our India , UPA gave 70%fraud loans , NDA has gave 30%fraud loans,one is 840and another is420, this is only difference, both parties taking India to bankruptcy,no hope for common people
    In India nobody knows how Indian companies are doing fraud from the beginning to last ,for example a big business men will start the company in India as below .His companies actual value is Rs2000crores but with the help of the auditors,Banks,and chartered accountants he made his company s values to RS 6000 crores by book adjustment with bribe and he call IPO that is in share market and collect Rs10000 crores in share market, first he pumped 60%of money to foreign country in the name of business and will deposit most of the money in his name next he will file bankruptcy due to losses and will write off all the loans this is the business doing in India ED is doing drama ICICI Bank chandakochar is well known to all she done huge fraud in ICICI Bank, this drama of enquire is doing from past one year, but still she is not arrested, reasons In this icici bank scam all SEBI auditors ED RBI central government rating agencies big leaders of all parties involved.central government making all efforts to avoid arrest these fellows,if arrested all all foreign country become knows most of the Indian companies running on bogus and take away all foreign investment,then India become bankruptcy.This is well known by central government hence avoiding all efforts to arrest directors of icici bank chandakochar DHFL jetairways Videocon kingfisher airline PNB bank head [email protected] etc .even Vijaymalya kingfisher airline companies don't have single plane in his companies name but all banks gave Rs10000 crores money, same type loans gave to jet airways,DLF, Devan housing finance company,[email protected],fs,etc wait in few months most of the common people investment in icici bank NBFC PSU banks equity NCD mutul funds become Zero,All parties RBI officers, SEBI, etc are corrupt they are taking India towards bankruptcy.

    valentine barboza

    4 weeks ago

    Get the prime minister to answer the depositors of pmc bank issue... He is answerable!! The finance minister has washed her hands off by passing the buck.. plsFilé multiple cases Against the RBI for not doing it’s job.. all political parties are corrupt to the core.. all we will have is 1000 feet statues of all gods and political goons.. . but no money to buy food .. this is the fate of us poor Indians .. Vijay Mallya, Neerav Modi , Mehul Choksi!!! How many shahs and Modi’s will it take to kill us slowly? Why are these political thugs screwing the common man... ? Let’s say Jai sure ram...

    valentine barboza

    4 weeks ago

    RBI is responsible for this mess. Pls do not lock in ur deposits for 3 years.. this country and its systems are gone to dogs.. soon you shall see how many banks are going to close down.. look at DHFL.. over .. 20 thousand crores and no accountability.. this government is cheating us.. pls read money life and money control.. cobra... they are revealing the truth.. all other media is sold off.. do u c pmc bank news as often u used to c? No!! They r screwing the common man..

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