Non-banking financial firm duped of Rs 12.84 cr; bank staff among 5 held

The Intelligence Fusion and Strategic Operations (IFSO) wing of Delhi Police announced on Wednesday that an interstate cyber‑crime ring had been dismantled after it allegedly hacked the internal server of Hero FinCorp Ltd, a non‑banking financial company, and diverted Rs 12.84 crore from its corporate account. Five individuals – including a relationship manager from RBL Bank – were taken into custody as part of the operation.

According to Deputy Commissioner Gaurav Tyagi, the perpetrators executed 317 unauthorized transactions, moving the funds into 34 primary‑layer bank accounts across the country. An FIR filed on August 21 cited sections 308, 318(4), 319 and 340 of the Bharatiya Nyaya Sanhita. Police placed a lien on roughly Rs 1.7 crore to prevent further loss and recovered cheque books, five mobile phones and rubber stamps. The accused, identified as Abhay Kumar Solanki (Bulandshahr), Lovely (Kurukshetra), Naman Kumar (Jaipur), Harman (Bikaner) and Vikas (Jaipur), were linked to multiple accounts that received amounts ranging from Rs 60,000 to Rs 80 lakh, some of which were later withdrawn or converted into the cryptocurrency Tether.

Hero FinCorp, which provides loan facilities, fell victim to a well‑organized, trans‑state network that also involved contacts with Chinese groups on Telegram and a facilitator in Dubai. The case underscores growing concerns over cyber‑enabled financial fraud and money‑laundering in India, prompting authorities to coordinate raids nationwide and pursue additional suspects abroad. The investigation continues under the lead of Sub‑Inspector Ankit and his team, with efforts ongoing to trace and apprehend co‑conspirators linked to the scheme.