Three bank officials held in over ₹80 crore cyber fraud case in Gujarat’s Rajkot

The Cyber Crime wing of Rajkot District Police has arrested three bank officials in connection with a nationwide cyber fraud case involving transactions worth crores of rupees.

The accused, Maulik Ramji Kamani, Kalpesh Vitthalbhai Dangaria and Anurag Chandubhai Baldha, were produced before a court and remanded to two days of police custody.

Police said Kamani is currently employed with Yes Bank, while the other two are working with another bank. The case was initially registered at Paddhari Police Station and later transferred to the cyber crime unit for detailed investigation.

As per officials, preliminary findings had revealed suspicious transactions amounting to around ₹1,500 crore across multiple accounts linked to Agricultural Produce Market Committees (APMCs), of which ₹23 crore was identified as fraudulent. Further investigation has since expanded the scope to transactions of nearly ₹2,500 crore across 85 bank accounts.

Out of this, more than ₹74 crore has been identified as proceeds of cyber fraud, with the figure likely to rise as the probe continues. Police said they have received 535 complaints from across the country in connection with the case.

Investigators also examined the role of staff at a Yes Bank branch in Movia, Paddhari, where the accused were previously posted. Their alleged involvement in facilitating fraudulent transactions came to light during the probe, officials said.

So far, 17 persons have been arrested in the case.

Sources said a chartered accountant has been appointed to scrutinise the financial trail, including transactions linked to around 35 firms and 85 bank accounts. Authorities believe the scale of the fraud may expand further as the investigation progresses.