Tuesday, May 31, 2011

AXIS Bank official held for fraud






SOURCE:TNNMar 7, 2010, 04.49am IST

CHENNAI: Personnel of the cyber crime wing probing the Rs 26.55-lakh internet banking fraud netted a big catch when they arrested an assistant vice-president of a private bank.
Police said BS Sainath Reddy (38), an assistant vice-president of Axis Bank at Hyderabad, was arrested on the basis of a complaint from businessman S Salahudeen, who said Rs 26.55 lakh had been fraudulently transferred out of his account.

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