Hyderabad: A 32-year-old man working for a pharma company was arrested by the Cyber Crime Police of Rachakonda commissionerate in the city on Saturday. He was alleged of misusing the Internet Banking user ID and password details of a construction company employee, whom he met during a bus journey. Raghavendra Yamarthi using the credentials made transactions to the tune of Rs 55,000 in three months period.
Inquiries revealed that Raghavendra, an engineering graduate is working for a pharma company in the city. The victim from Malakjgiri is working for a construction company. In June 2019, they were travelling on the same bus. During the journey, Raghavendra sought the victim's help in booking a train ticket and booked the ticket from the victim's mobile phone using internet banking options. After booking the ticket through victim's account, Raghavendra paid him in cash.
Raghavendra remembered the internet banking credentials of the victim and used them for making mobile recharges, DTH recharges. To avoid the victim noticing the transactions, he did them in small denominations. After he was successful with few attempts, he started going out. He would approach customers waiting for mobile recharges at retail outlets and offered to recharge for them through the online process. Saying that he needs money, he did recharge for them and collected money from them in return.
In the same manner, he did fraud transactions to the tune of Rs 55,000 from June to August 2019. The victim noticed a loss of funds from his account recently and approached the police.
Based on the scientific evidence and other clues, police identified.
Raghavendra and arrested him on Saturday. His mobile used for accessing the victim's bank account online was also seized for further investigation.