Cyber Fraudsters Drain Massive Funds from NBFC

Crime

Cybercriminals successfully siphoned off ₹7.1 crore from the bank account of a non-banking financial company (NBFC) based in Hyderabad through an extensive series of unauthorized digital transactions. Company directors registered an official complaint with the cyber security bureau after discovering dozens of suspicious RTGS and IMPS transfers routed into multiple external corporate and individual accounts. Police have registered a formal case and launched an urgent investigation to trace the culprits and freeze the remaining funds.

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