Retired IIT-B staffer cheated of Rs 4.62 cr; two held over accounts used to receive defrauded money

Retired IIT-B staffer cheated of Rs 4.62 cr; two held over accounts used to receive defrauded money https://www.taxtmi.com/news?id=70233 A retired IIT Bombay employee was induced by callers impersonating officials to withdraw deposits and transfer Rs 4.62 crore into bank accounts supplied by cybercriminals; a case was registered for cheating by impersonation and Information Technology Act offences and transferred to a regional cyber cell. Investigation traced the funds to two intermediaries who had opened multiple accounts, withdrew the deposits, and handed proceeds to fraudsters for commission; both were arrested and further inquiries to identify other participants and trace funds continue. en-us Fri, 06 Feb 2026 08:46:03 +0530 Fri, 06 Feb 2026 08:46:03 +0530 TaxTMI RSS Generator Retired IIT-B staffer cheated of Rs 4.62 cr; two held over accounts used to receive defrauded money https://www.taxtmi.com/news?id=70233 A retired IIT Bombay employee was induced by callers impersonating officials to withdraw deposits and transfer Rs 4.62 crore into bank accounts supplied by cybercriminals; a case was registered for cheating by impersonation and Information Technology Act offences and transferred to a regional cyber cell. Investigation traced the funds to two intermediaries who had opened multiple accounts, withdrew the deposits, and handed proceeds to fraudsters for commission; both were arrested and further inquiries to identify other participants and trace funds continue. News - Fri, 06 Feb 2026 08:46:03 +0530 https://www.taxtmi.com/news?id=70233