Ahmedabad: Nigerian gang exploited 4 banks' lack of verification

  • | Tuesday | 18th June, 2019

During the investigation, the cybercrime unit found a major loophole in the process of opening a bank account through e-verification. Once a bank account is created, customers were able to operate the account within a week, but the verification was done several months later. "Taking advantage, the Nigerian gang created dummy bank accounts, which could have been avoided if the verification was done swiftly," Jadhav added. Incidentally, the gang first phished details of these dummy customers from fraudulent Income-Tax and banks websites. As of now, the cyber cell unit has arrested nine accused — five Nigerian nationals operating from Mumbai and four Mumbai locals.

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