Guwahati, Jan 22: Assam Police have arrested five men from Morigaon and Nagaon districts in connection with a suspected cyber-enabled banking fraud that allegedly caused losses of more than Rs 25 lakh to Axis Bank. The arrests followed a late-night operation carried out by a special team of Morigaon district police based on specific intelligence inputs.
According to officials, the accused are suspected to have procured bank funds by submitting forged and fabricated documents, exploiting loopholes in banking procedures. Acting swiftly on the information received, police conducted coordinated raids across areas falling under Laharighat, Moirabari and Dhing police stations, leading to the apprehension of all five suspects.
The arrested individuals have been identified as Azaharul Islam of Moirabari in Morigaon district, Mahmud Hassan and Rakibur Rahman from Dhing in Nagaon district, Rianud Zaman of Laharighat in Morigaon, and Baharul Islam of Moirabari. Police said the group is believed to have worked in a coordinated manner to execute the fraud.
During the operation, investigators recovered a substantial quantity of materials allegedly used in the commission of the crime. The seized items include multiple mobile phones, debit cards and cheque books, along with bank passbooks, a passport, and identity documents such as PAN and Aadhaar cards. Officials said these materials are suspected to have been used to create fake identities and manipulate banking processes.
Preliminary estimates place the fraud amount at over Rs 25 lakh, though police indicated the total loss could increase as the probe progresses. Authorities are currently interrogating the accused to trace the money trail, identify other possible accomplices, and determine whether similar fraudulent activities were carried out in other districts or involved additional banks.
