Lucknow: Police arrest cyber gang that cheated AKT University of Rs 120 crore

Lucknow (Uttar Pradesh) [India], June 18 (ANI): Uttar Pradesh's Lucknow police has busted a cyber gang that cheated Rs 120 crore from Dr. A. P. J. Abdul Kalam Technical University's (AKTU) account by creating fake mail IDs on behalf of AKTU and opening bank account in Union Bank of India.
By creating fake mail IDs of AKTU, the fraudsters had got Rs 120 crore transferred from AKTU's State Bank of India account. The mastermind of the gang disguised himself as the Chief Account Officer of AKTU and started doing transactions by opening a savings account at Union Bank of India in the name of AKTU.
Informing about the matter, Deputy Commissioner of Police (DCP) East, Prabal Pratap Singh said that out of Rs 120 crore, the police team has managed to recover Rs 119 crore. He said, "An amount of Rs 120 crore from AKTU's account was transferred to Shree Shraddha Education and Charitable Trust of Ahmedabad, out of which Rs 119 crore has been recovered and the remaining money is also being recovered."
All the accused in the case are being taken into custody and presented before the court.
Meanwhile, the Lucknow Police also took to its official X handle and posted about the cyber fraud incident and said, "The police station cyber crime police team arrested seven cyber criminals who had cheated Rs 120 crores by sending emails using fake mail ID of AKTU and posing as official operators by giving fake authority letter and KYC form and opening an account in Union Bank."
The post added further, "The police has returned Rs 119 crores to the respective bank account." (ANI)