BANGALORE: The Cyber Crime Police Wing of the Corps of Detectives (CoD) in Bangalore has arrested an employee of a BPO (business process outsourcing) firm who allegedly misappropriated huge sums from the bank accounts of customers in the U.K. by using confidential data.
Sources in the CoD told The Hindu that after arresting Nadeem Hameed Kashmiri, a police team took him to certain places to recover cash and property.
In a complaint to the Cyber Police Station on June 22, HSBC Electronic Data Processing India Pvt. Ltd. on Bannerghatta Road, said that Nadeem allegedly accessed personal details and debit card information of a few of its customers in the U.K.
The company alleged that he passed on the information to "accomplices" for conducting fraudulent transactions through ATM, debit cards and telephone banking services at Nadeem's behest. The bank estimated that the accused misappropriated over £ 2,33,000.
A case was registered under Sections 66 and 72 of the IT Act read with Sections 408, 468 and 420 of the IPC.
The alleged fraud surfaced when over 20 bank customers in the U.K. complained to the bank about transfer of money from their accounts without their knowledge. When the bank conducted an investigation, Nadeem was found to be the "main culprit". The company alleged that Nadeem helped his accomplices to impersonate customers to enable them to cheat the company and HSBC customers.
It found that when Nadeem joined the company on December 12, 2005, he allegedly provided false records. The company said he did not mention his earlier employment with Accenture, and provided "false" references.